Question
In a seminal article on portfolio theory, Markowitz (1952) illustrated that investors are not compensated for taking on firm-specific or idiosyncratic risk; however, they are
In a seminal article on portfolio theory, Markowitz (1952) illustrated that investors are not compensated for taking on firm-specific or idiosyncratic risk; however, they are compensated for taking market or systemic risk.is this consider a good theory?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
