Endogenous Dividend Dynamics and the Term Structure of Dividend Strips
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下载链接：
https://www.nber.org/papers/w18450
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资源简介：
Many leading asset pricing models predict that the term structures of expected returns and volatilities on dividend strips are strongly upward sloping. Yet the empirical evidence suggests otherwise. This discrepancy can be reconciled if these models replace their exogenously specified dividend
提供机构：
美国国家经济研究局
创建时间：
2012-10-01
