Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter13: The Balanced Scorecard: Strategic-based Control
Section: Chapter Questions
Problem 14DQ
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Question
What is alpha transfer?
Expert Solution
Step 1
The term ‘Alpha’ refers to the active return on investment. In other words, the excess return from the investment as compared to the benchmark or index market’s return is regarded as alpha.
Step 2
Alpha is closely related with beta which measures the securities’ volatility or the level of risk.
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