Accounting Betas, Systematic Operating Risk, and Financial Leverage: A Risk-Composition Approach to the Determinants of Systematic Risk
从理论和实证上拓展了会计指标与市场指标衡量的系统风险之间的关系，并分析了财务结构对系统风险的影响。
The purpose of this article is to extend both theoretical and empirical knowledge on: 1) the relation between accounting-based and market-based measures of systematic risk; and 2) the effect of financial structure on systematic risk.