Asymmetric Volatility and Risk in Equity Markets
收藏NBER1997-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6022
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资源简介：
It appears that volatility in equity markets is asymmetric: returns and conditional volatility are negatively correlated. We provide a unified framework to simultaneously investigate asymmetric volatility at the firm and the market level and to examine two potential explanations of the asymmetry:
提供机构：
美国国家经济研究局
创建时间：
1997-04-01
