Work

Why is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium

Year: 2005

Type: preprint

Source: SSRN Electronic Journal

DOI: 10.2139/ssrn.661346

Authors: Martin Lettau, Jessica A. Wachter

Institutions: National Bureau of Economic Research, Centre for Economic Policy Research, University of California, Berkeley, United States Securities and Exchange Commission, University of Pennsylvania

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2158043447

Cites: 51

Cited by: 229

Related to: 10