The aim of this book is to investigate the risk — return behaviour of stock returns of the water transportation industry in the US1 along several dimensions, such as time; different (bull and bear) market conditions; different valuation models (single and multi-index models); and compare this behaviour with that of a number of other transportation and non transportation industries within the US economy. The investigation is also extended at the international level to capture recent developments of the globalisation of the world economy and the formation of international industries operating beyond national borders.
KeywordsReal Estate Stock Return Capital Asset Price Model Transportation Industry Standard Industrial Classification
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