Equity premium over different investment horizons
This paper studies the adequate size of equity premium over different investment horizons
based on spatial dominance. We find that the puzzle with respect to the size of equity
premium disappears as investment horizons get longer in terms of the spatial dominance;
therefore, the adequate size of equity premium should be dependent upon the investment
horizon.
based on spatial dominance. We find that the puzzle with respect to the size of equity
premium disappears as investment horizons get longer in terms of the spatial dominance;
therefore, the adequate size of equity premium should be dependent upon the investment
horizon.
Abstract
This paper studies the adequate size of equity premium over different investment horizons based on spatial dominance. We find that the puzzle with respect to the size of equity premium disappears as investment horizons get longer in terms of the spatial dominance; therefore, the adequate size of equity premium should be dependent upon the investment horizon.
Springer
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