(1/12/1996 -31/08/1999)
. Our investigation is carried out by assessing the betas of these sectors across both periods of focus. It then adds to the assessment of the betas by comparing the variances of the defensive sectors in both periods to determine whether there is a statistically significant difference. Our study is unique in that it proposes to investigate with the different market capitalisations (large, medium, and small)
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