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Ang, A., J. Chen, and Y. Xing (2006). Downside risk. Review of Financial Studies 19(4), 1191–1239.
Campbell, J., S. Giglio, and C. Polk (2010). Hard times. NBER Working Paper 16222.
Carhart, M. (1997). On persistence in mutual fund performance. Journal of Finance 52(1), 57–82.
Chen, L. and X. Zhao (2009). Return decomposition. Review of Financial Studies 22(12), 5213–5249.
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