The Term Structure of Returns: Facts and Theory
收藏NBER2015-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21234
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资源简介：
We summarize and extend the new literature on the term structure of equity. Short-term equity claims, or dividend strips, have on average significantly higher returns than the aggregate stock market. The returns on short-term dividend claims are risky as measured by volatility, but safe as measured
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美国国家经济研究局创建时间：
2015-06-01
