The Risk Anomaly Tradeoff of Leverage
收藏NBER2016-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22116
下载链接
链接失效反馈官方服务：
资源简介：
Higher-beta and higher-volatility equities do not earn commensurately higher returns, a pattern known as the risk anomaly. In this paper, we consider the possibility that the risk anomaly represents mispricing and develop its implications for corporate leverage. The risk anomaly generates a simple
提供机构：
美国国家经济研究局
创建时间：
2016-03-01
