Hae LUTPubista
Aineistot 1-1 / 1
Risk-return trade-off and autocorrelation
(Lappeenranta University of Technology, 2013-12-13)
A trade-off between return and risk plays a central role in financial economics. The intertemporal
capital asset pricing model (ICAPM) proposed by Merton (1973) provides a neoclassical theory
for expected returns on risky ...