Why is long-horizon equity less risky? A duration-based explanation of the value premium

Journal of Finance

Volumn 62, Issue 1, 2007, Pages 55-92

  Lettau, Martin ^a   Wachter, Jessica A ^b  

^a NEW YORK UNIVERSITY   (United States)

^b UNIVERSITY OF PENNSYLVANIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33846191480     PISSN: 00221082     EISSN: 15406261     Source Type: Journal    
DOI: 10.1111/j.1540-6261.2007.01201.x     Document Type: Article

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