Company Attributes and Cross Section of Stock Returns in India‪.‬

Introduction Identifying the forces that contributes to variations of stock return is probably one of the most researched areas in financial economics. The influence may be systematic, such as economic, political or sociological changes or unsystematic. The Capital Asset Pricing Model (CAPM ) uses systematic risk represented by beta as the single measure of risk. While early tests supported the CAPM, subsequent studies found a number of other variables that could explain expected stock returns.