Brailsford, Timothy JohnLin, Shu-Ling (Sherry)Penm, Jack HW2015-12-100275-5319http://hdl.handle.net/1885/57018This paper investigates risk and return in the banking sector in three Asian markets of Taiwan, China and Hong Kong. The study focuses on the risk-return relation in a conditional factor GARCH-M framework that controls for time-series effects. The factorKeywords: Banking sector; Contagion; GARCH-M; Systematic risk200610.1016/j.ribaf.2005.03.0012015-12-09