Evaluating Value Weighting: Corporate Events and Market Timing
收藏NBER2002-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9049
下载链接
链接失效反馈官方服务：
资源简介：
Corporate events, such as new issues and new lists, appear in waves. These waves imply that the market portfolio has a time-varying weight in new lists, and one can decompose the market return into a fixed weight return plus a timing return. Most of the reduction in aggregate market returns caused
企业事件（如新股发行与新上市）呈现波浪式出现的特征。这些波浪现象意味着市场投资组合中新上市股票的权重具有时变性，且市场收益可分解为固定权重收益与择时收益之和。总市场收益的下降大部分由
提供机构：
美国国家经济研究局
创建时间：
2002-07-01
