Illiquidity, momentum traders, incentives, and book to market: explaining and testing the factor drivers of stock market returns
Illiquidity, momentum traders, incentives, and book to market: explaining and testing the factor drivers of stock market returns
流动性不足、动量交易者、激励措施和按市值计价：解释和测试股市回报的因素驱动因素
批准号：
DP0209729
负责人：
Prof Peter Swan
金额：
$54.01万
依托单位国家：
澳大利亚
项目类别：
Discovery Projects
财政年份：
2002
资助国家：
澳大利亚
项目状态：
已结题
起止时间：
2002-03-06 至 2006-12-31
中文摘要
翻译
我对股票溢价提出了新的非流动性解释，其基础是认识到政府债券的周转速度比股票快许多倍，而且交易既是自愿的，也是内生的。通过介绍这些新的理论发展
英文摘要
I build on my new illiquidity explanation for the equity premium based on the realisation that government bonds turn over many times faster than equity and that trading is both voluntary and endogenous. By introducing these new theoretical developments an
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依托单位：
海外基金
