We show that while investor groups' average stock perceptions are highly related to relevant risk and return measures, significant differences may exist between portfolio managers' and nonprofessional investors' average multidimensional perceptions. These and additional empirical results, plus their ...
Inflation Risk and Capital Market Equilibrium A preliminary empirical test of the theory using rates of return on common stocks, long-term bonds, real estate and commodity futures contracts yields mixed results. The risk premia on long-term bonds and futures have the "wrong" ... Z Bodie - 《...
2、Size and book-to-market equity indeed proxy for sensitivity to common riskfactors in stock returns. 市值和账面市值比确实代表了股票收益率的共同风险因子的敏感性。3、the intercepts from three-factor regressions that include the excess market returnand the mimicking returns for size and BE/ME ...
Common stock is not just a piece of paper—or, these days, a digital entry—but a ticket to ownership in a company. When you hold common stock, you get to weigh in on corporate decisions by voting for theboard of directorsand corporate policies. Over the long term, this type of equity...
TERMandDEF. In short, the common variation in stock returns related to the term-structure factors is buried in the excess market return in table 7a. Is there any reason to prefer the five-factor regressions in table 8 over those intable 7? Only to show that, in addition to the three ...
the constant balancing act between short-term exigencies and long-term imperatives. As a CEO, I’m intensely aware of the dangerous oversimplification inherent in a spreadsheet. But being an investor maintains my focus on both risk and on return. A CEO can be lost in the daily minutiae; wea...
the most risk.普通股可以获得较高的收益,其主要来源于股票的买卖差价,而不是由于股利收入或税收折让的优惠。结果一 题目 Common stock gets higher return than any other investment because of ___.A.profits made from buying and reselling stocksB.dividends received from holding the stocksC.tax allowance...
inonofrisktheandbondsStockRiskBonds 系统标签: bondsriskstockreturnsfinancialfactors Common risk factors in the returns on bonds and stock Journal of Financial Economics,Common risk factors in the returns on bonds and stock Journal of Financial Economicsin,on,of,risk,the,and,bonds,Stock,Risk,Bonds,in...
a那你先去那玩玩吧 正在翻译,请等待...[translate] aindeed proxy for sensitivity to common risk factors in stock returns 的确代理人为敏感性到共同的风险因素在股票收益[translate]
E.F.FamaandK.R.French.Commonriskfactorsinstockandbondreturns FamaandFrench(1992a)studythejointrolesofmarket8,size,E/P,leverage, andbook-to-marketequityinthecross-sectionofaveragestockreturns.They findthatusedaloneorincombinationwithothervariables,8(theslopeinthe ...