id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
arjefm-59	Perera , Dr. Kasun S.; Silva, Dr. Anusha R.	UNRAVELING THE IDIOSYNCRATIC VOLATILITY PUZZLE: INSIGHTS FROM THE SRI LANKAN MARKET	2023	12	.pdf	application/pdf	6213	294	43	Abstract: The Capital Asset Pricing Model (CAPM) has been a cornerstone in asset pricing literature, assuming that investors hold well-diversified portfolios, making idiosyncratic volatility irrelevant for pricing stock returns. However, Merton (1987) contends that information asymmetries prevent investors from achieving full diversification, making idiosyncratic volatility a critical factor in asset pricing.	cache/arjefm-59.pdf	txt/arjefm-59.txt