@incollection{,
	
					
					
					E2B2A065289750EE0672CD476534F433
				,
	author={{NabarajAdhikari} and {Securities Board of Nepal}},
	journal={{Global Journal of Management and Business Research}},
	journal={{GJMBR}}2249-45880975-585310.34257/GJMBR,
	address={Cambridge, United States},
	publisher={Global Journals Organisation}1557583
}

@book{b0,
	
	
		,
	author={{
			Such As Logue
		} and {
			;Merville
		} and {
			Kim;Gu
		} and {
			Olib
		}}
		
		
		
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	title={{for the relationship References Références Referencias}}
				
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	year={1972. 1973. 1988. 2002. 2008}
		
	

}

@incollection{b1,
	
	
		,
	title={{Managers' views on dividend policy of Nepalese enterprises}}
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	author={{
			NAdhikari
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	journal={{NRB Economic Review}}
		
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	year={2014}
		
	

}

@incollection{b2,
	
	
		,
	title={{Diversification, capital structure, and systematic risk: An empirical investigation}}
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			JLivnat
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	title={{Investigations into the determinants of risk: A new look}}
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	title={{The association between a market-determined measure of risk and alternative measures of risk}}
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	title={{Corporate financial strategies and market measures of risk and return}}
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			MLerner
		}}
		
	
	
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@incollection{b11,
	
	
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	title={{Economic forces and the stock market}}
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			RRoll
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@incollection{b12,
	
	
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	title={{Explanations for the instability of equity beta: Riskfree rate changes and leverage effects}}
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		} and {
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@incollection{b13,
	
	
		,
	title={{The fundamental determinants of systematic risk and financial transparency in the DFM General Indux}}
		,
	author={{
			ITEldomiaty
		} and {
			HAlMariam
		} and {
			Dhahery
		} and {
			Shukri
		} and {
			AMuna
		}}
		
		
		
		
	
	
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			5
			
			,
	year={2009}
		
	

}

@book{b14,
	
	
		,
	author={{
			BenjaminGraham
		} and {
			DavidLDodd
		}}
		
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	title={{Security Analysis: Principles and Techniques}}
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}

@incollection{b15,
	
	
		,
	title={{Casino firms' risk features and their beta determinants}}
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	author={{
			ZGu
		} and {
			HKim
		}}
		
	
	
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	year={1998}
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@incollection{b16,
	
	
		,
	title={{Determinants of restaurant systematic risk: A reexamination}}
		,
	author={{
			ZGu
		} and {
			HKim
		}}
		
	
	
		,
	journal={{The Journal of Hospitality Financial Management}}
		
			10
			1
			
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	year={2002}
		
	

}

@book{b17,
	
	
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	title={{}}
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	author={{
			DamodarNGujarati
		} and {
			Porter
		}}
		
		
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	year={2009}
		
	

}

@incollection{b18,
	
	
		,
	title={{McGrew-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas}}
	
	
		,
	journal={{Basic Econometrics}}
		
			,
	year={10020}
		
	
	,
	note={fifth edition}

}

@incollection{b19,
	
	
		,
	title={{Equity systemic risk (Beta) and its determinants}}
		,
	author={{
			GHong
		} and {
			SSarkar
		}}
		
	
	
		,
	journal={{Contemporary Accounting research}}
		
			24
			2
			
			,
	year={2007}
		
	

}

@incollection{b20,
	
	
		,
	title={{Determinants of systemic risk}}
		,
	author={{
			MuhammadIqball
		} and {
			Junaid
		} and {
			AShah
		}}
		
		
	
	
		,
	journal={{The Journal of Commerce}}
		
			4
			1
			
			,
	year={2011}
		
	

}

@incollection{b21,
	
	
		,
	title={{The effect of the firm's capital structure on the systematic risk of common stocks}}
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	author={{
			RSHamada
		}}
	
	
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	journal={{The Journal of Finance}}
		
			27
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@book{b22,
	
	
		,
	title={{Dividend policy and stock prices}}
		,
	author={{
			AtherKhan
		} and {
			Azim
		} and {
			KIqbal
		}}
		
		
		
			,
	year={2012}
			,
	address={SAICON, Lahore}
		
		
			COMSATS Institute of Information Technology
		
	

}

@incollection{b23,
	
	
		,
	title={{Hotel real estate investment trusts' risk features and beta determinants}}
		,
	author={{
			HKim
		} and {
			ZGu
		} and {
			ASMattila
		}}
		
		
	
	
		,
	journal={{Journal of Hospitality and Tourism Research}}
		
			26
			2
			
			,
	year={2002}
		
	

}

@incollection{b24,
	
	
		,
	title={{The association between bank stock market-based risk measures and the financial characteristics of the firm: A pooled cross-section time series approach}}
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	author={{
			CLee
		} and {
			EBrewer
		}}
		
	
	
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	year={1985}
			
		
	

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@incollection{b25,
	
	
		,
	title={{The systematicrisk determinants of the US airline industry}}
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	author={{
			JSLee
		} and {
			SC SJang
		}}
		
	
	
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	journal={{Tourism Management}}
		
			28
			
			,
	year={2007}
		
	

}

@incollection{b26,
	
	
		,
	title={{On the association between smoothing measures and the risk of common stock}}
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	author={{
			BLev
		} and {
			SKunitzky
		}}
		
	
	
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	year={1974}
		
	

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@incollection{b27,
	
	
		,
	title={{Financial policy and market expectations}}
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	author={{
			LLogue
		} and {
			JMerville
		}}
		
	
	
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			1
			3
			
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}

@incollection{b28,
	
	
		,
	title={{The empirical risk-return relation: A factor analysis approach}}
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	author={{
			SCLudvigsona
		} and {
			SNg
		}}
		
	
	
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	author={{
			BMalkiel
		}}
		
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	year={2003}
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@incollection{b30,
	
	
		,
	title={{The impact of degrees of operating and financial leverage on systematic risk of common stock}}
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	author={{
			GNMandelker
		} and {
			SGRhee
		}}
		
	
	
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			19
			
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}

@incollection{b31,
	
	
		,
	title={{On the significance of the economic determinants of systematic risk: empirical evidence with Finnish data}}
		,
	author={{
			TMartikainen
		}}
	
	
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	journal={{Applied Financial Economics}}
		
			1
			2
			
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	year={1991}
		
	

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@incollection{b32,
	
	
		,
	title={{Implied penalties for financial leverage: Theory vs. empirical evidence}}
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	author={{
			FMarston
		} and {
			SPerry
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}

@book{b33,
	
	
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	title={{Cointegration relationships between stock market indices and economic activity: Evidence from US data, Discussion Paper, 0104, Centre for Research into Industry, Enterprise, Finance and the Firm (CRIEFF)}}
		,
	author={{
			DGMcmillan
		}}
		
			,
	year={2001}
		
		
			University of St
		
	

}

@book{b34,
	
	
		,
	title={{}}
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	author={{
			ScotlandAndrews
		}}
		
	

}

@incollection{b35,
	
	
		,
	title={{Risk perceptions of financial analysts and the use of market and accounting data}}
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	author={{
			RMear
		} and {
			MFirth
		}}
		
	
	
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			18
			72
			
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	year={1988}
		
	

}

@incollection{b36,
	
	
		,
	title={{Market power and systematic risk}}
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	author={{
			RCMoyer
		} and {
			RChatfield
		}}
		
	
	
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}

@book{b37,
	
	
		,
	title={{Banking and Financial Statistics, 41 and 59, Nepal Rastra Bank}}
		
			,
	year={2003. 2013}
			,
	address={Baluwatar, Kathmandu, Nepal}
		
		
			NRB
		
	

}

@incollection{b38,
	
	
		,
	title={{Systematic risk and international diversification: An empirical perspective}}
		,
	author={{
			OKOlib
		} and {
			AFMichello
		} and {
			JThorne
		}}
		
		
	
	
		,
	journal={{International Review of Financial Analysis}}
		
			17
			
			,
	year={2008}
		
	

}

@incollection{b39,
	
	
		,
	title={{The impact of macroeconomic and financial variables on market risk}}
		,
	author={{
			DilipkPatro
		} and {
			JohnKWald
		} and {
			YWu
		}}
		
		
	
	
		,
	journal={{Social Science Research}}
		
			,
	year={2000}
		
	

}

@incollection{b40,
	
	
		,
	title={{A survey of dividend policy and practices of Nepalese enterprises}}
		,
	author={{
			RadheSPradhan
		}}
	
	
		,
	booktitle={{Nepalese Finance}}
				Kathmandu
		
			,
	publisher={Buddha Academic Publishers and Distributors Pvt. Ltd}
			,
	year={2003}
		
	
	,
	note={first edition}

}

@incollection{b41,
	
	
		,
	title={{Factors affecting dividend payout: evidence from listed non-financial firms of Karachi Stock Exchange}}
		,
	author={{
			MRafique
		}}
	
	
		,
	journal={{Business Management Dynamics}}
		
			1
			11
			
			,
	year={2012}
		
	

}

@incollection{b42,
	
	
		,
	title={{Does leverage always mean risk? Evidence from ASE}}
		,
	author={{
			ZeyadSRamadan
		}}
	
	
		,
	journal={{International Journal of Economics and Finance}}
		
			4
			12
			
			,
	year={2012}
		
	

}

@incollection{b43,
	
	
		,
	title={{The prediction of systemic and specific risk in common stocks}}
		,
	author={{
			BRosenberg
		} and {
			WMckibben
		}}
		
	
	
		,
	journal={{Journal of Financial and Quantitative Analysis}}
		
			
			,
	year={1973}
		
	

}

@incollection{b44,
	
	
		,
	title={{Size, growth rate and risk sharing as the determinants of propensity to franchise in chain restaurants}}
		,
	author={{
			YSRoh
		}}
	
	
		,
	journal={{International Journal of Hospitality Management}}
		
			21
			1
			
			,
	year={2002}
		
	

}

@incollection{b45,
	
	
		,
	title={{Analyzing the relationship between systematic risk and financial variables in the casino industry}}
		,
	author={{
			TRowe
		} and {
			JKim
		}}
		
	
	
		,
	journal={{UNLV Gaming and Research Journal}}
		
			12
			2
			
			,
	year={2010}
		
	

}

@incollection{b46,
	
	
		,
	title={{Investment strategies for REIT investors}}
		,
	author={{
			PSSchemer
		} and {
			TJMathison
		}}
		
	
	
		,
	journal={{Real Estate Review}}
		
			26
			I
			
			,
	year={1996}
		
	

}

@incollection{b47,
	
	
		,
	title={{The value of quality}}
		,
	author={{
			GTellis
		} and {
			JJohnson
		}}
		
	
	
		,
	journal={{Marketing Science}}
		
			26
			6
			
			,
	year={2007}
		
	

}

@incollection{b48,
	
	
		,
	title={{The determinants of capital structure choice}}
		,
	author={{
			STitman
		} and {
			RWessels
		}}
		
	
	
		,
	journal={{Journal of Finance}}
		
			43
			1
			
			,
	year={1988}
		
	

}

@book{b49,
	
	
		,
	title={{Nabil Bank Limited (Nabil)}}
		
			,
	year={2009}
			10
			13
		
	

}

@book{b50,
	
	
		,
	title={{Nepal Investment Bank}}
				
			,
	year={2009}
			10
			13
		
	

}

@book{b51,
	
	
		,
	title={{Himalayan Bank Limited (HBL)}}
		
			,
	year={2009}
			10
			13
		
	

}

@book{b52,
	
	
		,
	title={{}}
		,
	author={{
			SbiNepal
		} and {
			Bank
		}}
		
		
			,
	year={2009}
			10
			13
		
	

}

@book{b53,
	
	
		,
	title={{Everest Bank Limited (EBL)}}
		
			,
	year={2009}
			10
			13
		
	

}

@book{b54,
	
	
		,
	title={{}}
		,
	author={{
			NirdhanutthanBank
		} and {
			Ltd
		}}
		
		
			,
	year={2009}
			10
			13
		
	

}

@book{b55,
	
	
		,
	title={{}}
		,
	author={{
			LtdSwabalamwanlaghubittabikash Bank
		}}
		
			,
	year={2009}
			10
			13
		
	

}

@book{b56,
	
	
		,
	title={{}}
		,
	author={{
			ChhimeklaghubittabikashBank
		} and {
			Ltd
		}}
		
		
			,
	year={2009}
			10
			13
		
	

}

@book{b57,
	
	
		,
	title={{United Finance Company Limited (UFCL)}}
		
			,
	year={2009}
			10
			13
		
	

}

@book{b58,
	
	
		,
	title={{Shree Investment Finance Company Limited (SIFCL)}}
				
			,
	year={2009}
			10
			13
		
	

}

@book{b59,
	
	
		,
	title={{Soaltee Hotel Limited (SHL)}}
		
			,
	year={2009}
			10
			13
		
	

}

@incollection{b60,
	
	
		,
	title={{}}
	
	
		,
	journal={{Butwal Power Company Ltd}}
		
			10
			13
			,
	year={2009}
		
	

}

@book{b61,
	
	
		,
	title={{Unilever Nepal Limited (UNL)}}
		
			,
	year={2009}
			10
			13
		
	

}

@book{b62,
	
	
		,
	title={{Source: Annual reports of the listed companies for the fiscal year mid}}
		,
	editor={Note: S.N.}
		
			,
	year={July 2009. 2013}
			,
	address={Nepal Stock Exchange Ltd}
		
	
	,
	note={indicates serial number for the companies selected}

}