The Cross-Section of Risk and Return
收藏NBER2018-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24164
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资源简介：
In the finance literature, a common practice is to create characteristic portfolios by sorting on characteristics associated with average returns. We show that the resulting portfolios are likely to capture not only the priced risk associated with the characteristic, but also unpriced risk. We
提供机构：
美国国家经济研究局
创建时间：
2018-01-01
