Consumption versus market betas of Australian industry portfolios

Robert W. Faff, Barry R. Oliver

Research output: Contribution to journalArticleResearchpeer-review

2 Citations (Scopus)


This paper provides an empirical comparison of consumption and market betas for to 23 Australian industry portfolios, using quarterly Australian data. The results reveal that there is very little sensitivity of returns to consumption growth where consumption growth is measured contemporaneously. However, when a lagged relationship is examined, the consumption sensitivities become much stronger. Nevertheless the consumption betas remain considerably less significant than their market beta counterparts.

Original languageEnglish
Pages (from-to)513-517
Number of pages5
JournalApplied Economics Letters
Issue number8
Publication statusPublished - 1998
Externally publishedYes


Dive into the research topics of 'Consumption versus market betas of Australian industry portfolios'. Together they form a unique fingerprint.

Cite this