Betting Against Beta
收藏NBER2010-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16601
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资源简介：
We present a model in which some investors are prohibited from using leverage and other investors' leverage is limited by margin requirements. The former investors bid up high-beta assets while the latter agents trade to profit from this, but must de-lever when they hit their margin constraints. We
提供机构：
美国国家经济研究局
创建时间：
2010-12-01
