Rare Booms and Disasters in a Multi-sector Endowment Economy
收藏NBER2014-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20062
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资源简介：
Why do value stocks have higher average returns than growth stocks, despite having lower risk? Why do these stocks exhibit positive abnormal performance while growth stocks exhibit negative abnormal performance? This paper offers a rare-events based explanation that can also account for the high
提供机构：
美国国家经济研究局
创建时间：
2014-04-01
