Transcription of WP no 488 CIIF - iese.edu
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WP no 488 CIIF - iese.edu
IESE Business School-University of Navarra - 1 LEVERED AND UNLEVERED BETA Pablo Fern ndez IESE Business School Universidad de Navarra Avda. Pearson, 21 08034 Barcelona, Espa a. Tel.: (+34) 93 253 42 00 Fax: (+34) 93 253 43 43 Camino del Cerro del guila, 3 (Ctra. de Castilla, km 5,180) 28023 Madrid, Espa a. Tel.: (+34) 91 357 08 09 Fax: (+34) 91 357 29 13 Copyright 2003 IESE Business School. Working PaperWP no 488 January, 2003 (Rev. May 2006) CIIF IESE Business School-University of Navarra The CIIF, International Center for Financial Research, is an interdisciplinary center with an international outlook and a focus on teaching and research in finance. It was created at the beginning of 1992 to channel the financial research interests of a multidisciplinary group of professors at IESE Business School and has established itself as a nucleus of study within the School s activities.
IESE Business School-University of Navarra LEVERED AND UNLEVERED BETA This paper provides guidelines to evaluate the appropriateness of various …
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