Idiosyncratic Risk and the Cross-Section of Realized Returns: Reconciling the Aggregate Returns’ Predictability Evidence

Daniel Mantilla-GarcíaLionel MartelliniRené García2026-03-222026-03-22200910.2139/ssrn.1572707https://doi.org/10.2139/ssrn.1572707https://andeanlibrary.org/handle/123456789/59520Citaciones: 3enPredictabilityAggregate (composite)Systematic riskEconomicsSection (typography)EconometricsFinancial economicsIdiosyncratic Risk and the Cross-Section of Realized Returns: Reconciling the Aggregate Returns’ Predictability Evidencearticle