Pricing Without Mispricing
收藏NBER2021-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29016
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资源简介：
We test whether a model could price assets if the market were efficient. Specifically, we test whether a model assigns zero alpha to a strategy that uses only decade-old information, which even an inefficient market would correctly price. Persistence in the strategys multifactor betas gives our test
提供机构：
美国国家经济研究局
创建时间：
2021-07-01
