Growth or Glamour? Fundamentals and Systematic Risk in Stock Returns
收藏NBER2005-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11389
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资源简介：
The cash flows of growth stocks are particularly sensitive to temporary movements in aggregate stock prices (driven by movements in the equity risk premium), while the cash flows of value stocks are particularly sensitive to permanent movements in aggregate stock prices (driven by market-wide shocks
成长型股票（growth stocks）的现金流对总股票价格（aggregate stock prices）的临时性波动（由股权风险溢价（equity risk premium）的变动驱动）尤为敏感；而价值型股票（value stocks）的现金流则对总股票价格的永久性波动（由全市场冲击（market-wide shocks）驱动）尤为敏感
提供机构：
美国国家经济研究局
创建时间：
2005-06-01
