The Conditional Relation between Beta and Returns TOR Glenn N. Pettengill, Sridhar Sundaram, Ike Mathur The Journal of financial and Quantitative Analysis, Volume 30, Issue 1 (Mar, 1995) 101-116. Stable url: http://links.jstor.org/sici?sici=0022-1090%028199503%02930%3a1%03c101%03atcrbba%3e2.0.c0%3b2-b Your use of the STOR archive indicates your acceptance of JSTOR'S Terms and Conditions of Use, available at http://www.jstor.org/about/terms.htmlJstOr'sTermsandConditionsofUseprovidesinpartthatunlessyou have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the jStOR archive only for your personal, non-commercial use Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. The Journal of financial and Quantitative Analysis is published by University of Washington School of Business Administration. Please contact the publisher for further permissions regarding the use of this work, Publisher contactinformationmaybeobtainedathttp://www.jstororg/journals/uwash.html The Journal of financial and Quantitative analysi o1995 University of Washington School of Business Administration jSTOR and the jstoR logo are trademarks of jStoR, and are registered in the u.s. Patent and Trademark Office. For more information on JSTOR contact jstor-info @ umich. edu @2002 JSTOR http://wwwjstor.org Thu nov1403:12:192002