Why has Idiosyncratic Risk been Historically Low in Recent Years?
收藏NBER2018-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24270
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资源简介：
Since 1965, average idiosyncratic risk (IR) has never been lower than in recent years. In contrast to the high IR in the late 1990s that has drawn considerable attention in the literature, average market-model IR is 44% lower in 2013-2017 than in 1996-2000. Macroeconomic variables help explain why
提供机构：
美国国家经济研究局
创建时间：
2018-01-01
