Financial Variables and Systematic Risk  

作　　者：Rashed Nawaz Waqar Ahmed Imran Sabeela Sabir Muhammad Arshad Tayyaba Rani Adnan Khan 

机构地区：[1]Hazara University, Mansehra, Pakistan [2]Government College University, Faisalabad, Pakistan [3]University of Wales, Wales, UK

出　　处：《Chinese Business Review》2017年第1期36-46,共11页中国经济评论（英文版）

摘　　要：The objective of this study is to examine the relationship among financial determinants and systematic risk of cement industry. Five financial variables are utilized as components, i.e. industry size, operating efficiency, liquidity, profitability, and financial leverage in this study. Six years data from 2008 to 2013 have been collected from Karachi Stock Exchange. The consequences of 29 cement industries showed that there is a huge relationship between industry size, operating efficiency, and profitability with 181 systematic risk and results similar to past studies while liquidity and financial leverage have not a significant relationship with beta （systematic risk）. Results are profitable for budgetary approach creators and investors to expand the profits.

关 键 词：cement industries systematic risk CAPM 

分 类 号：F0[经济管理—政治经济学]