Investment Horizon Effects
نویسندگان
چکیده
منابع مشابه
Investment Horizon Effects
Boudry and Gray (2003) have documented that the optimal buy-and-hold demand for Australian stocks is not necessarily increasing in the investment horizon when returns are predictable. Such finding is in contrast with Barberis (2000) who shows that positive monotonic horizon effects predominate for US stocks. Using a closed-form approximation to the asset allocation problem, this paper relates t...
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ژورنال
عنوان ژورنال: Journal of Business Finance & Accounting
سال: 2006
ISSN: 0306-686X,1468-5957
DOI: 10.1111/j.1468-5957.2006.01098.x