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https://doi.org/10.1080/13504869500000009

has been cited by the following article:

• TITLE: Risk-Return of Securities in a Developing Market: The Case of the Bourse Regionale Des Valeurs Mobilieres

  AUTHORS: Hervé Ndoume Essingone, Mouhamadou Saliou Diallo

  KEYWORDS: Risk, Return, ARM, CAPM, BRVM

  JOURNAL NAME: Journal of Financial Risk Management, Vol.11 No.1, March 31, 2022

  ABSTRACT: The study of the risk-return relationship of securities is decisive in order to appreciate in particular the attractiveness of a financial market. Using the Asymetric Response Model (ARM), we show that the level of risk taken by investors is insufficiently remunerated on the BRVM market with regard to the risk premium obtained. This result confirms the relevance of the ARM model in developing markets. It also underlines the need to rebalance the risk-return relationship on the BRVM in order to make it more attractive.