Answers are grounded in this paper and cite their sources.
This paper conducts several tests of association between accounting information and the systematic risks of firm's equities. It also evaluates several models of the prediction of systematic risk from past rate-of-return information.
No takes yet. Share an insight, caveat, or question.
Castagna et al. (1978) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: