Keywords: Downside beta
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Journal Articles
International Journal of Managerial Finance (2014) 10 (1): 54–72.
Published: 28 January 2014
...Mohammad Reza Tavakoli Baghdadabad; Paskalis Glabadanidis Purpose – The purpose of this paper is to propose a new and improved version of arbitrage pricing theory (APT), namely, downside APT (D-APT) using the concepts of factors’ downside beta and semi-variance. Design/methodology/approach...

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