Many studies on asset pricing have highlighted the importance of downside risk, in line with
the actual losses of investors. In addition, the capital asset pricing model (CAPM), although …

The main purpose of this study was to explore the relationship between market and
accounting measures of risk and the profitability of companies listed on the Frankfurt Stock …

This paper aims to analyze the most relevant methods to determine the financial capacity of
innovation projects and identify potential ways of their improvement. The research helped to …

Structural changes occurring in the crude oil market have stimulated the emergence of
hypotheses suggesting that the relationship between prices of this raw material and the US …

The main aim of the work is to test new and non-standard versions of CAPM, based on
accounting information and downside risk measures. Two innovative conditional CAPM …

This paper aims to analyze the most relevant methods to determine the financial capacity of
innovation projects and identify potential ways of their improvement. The research helped to …

The importance of downside risk was highlighted in many studies as the traditional CAPM
was contradicted by various researchers stating that the beta is not the sole measure of risk …