The beta of an unleveraged required return (i.e., no debt) on an investment when the investment is financed entirely by equity.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A measure of an asset or company's volatility with respect to a market index when the asset or company has been financed entirely with equity. That is, the unleveraged beta helps determine the asset company's risk when it has no debt.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved