Cash-Flow Risk, Discount Risk, and the Value Premium
收藏NBER2005-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11816
下载链接
链接失效反馈官方服务：
资源简介：
A habit persistence, general equilibrium model with multiple assets matches both the time series properties of the market portfolio and the cross-sectional predictability of returns on price sorted portfolios, the value premium. Consistent with empirical evidence, the model shows that (a) value
提供机构：
美国国家经济研究局
创建时间：
2005-12-01
