Long-Term Discount Rates Do Not Vary Across Firms
收藏NBER2019-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25579
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资源简介：
Long-term expected returns appear to vary little, if at all, in the cross section of stocks. We devise a bootstrapping procedure that injects small amounts of variation into expected returns and show that even negligible differences in expected returns, if they existed, would be easy to detect.
提供机构：
美国国家经济研究局
创建时间：
2019-02-01
