Afkast og risiko ved aktieinvesteringer på kort og lang sigt

Steen Nielsen () and Ole Risager ()
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Steen Nielsen: Institut for nationaløkonomi, Handelshøjskolen i København og Centre for Economic and Business Research
Ole Risager: Institut for Nationaløkonomi, Handelshøjskolen i København

Nationaløkonomisk tidsskrift, 2001, vol. 2001, issue 1, 27-43

Abstract: This paper describes the return and risk characteristics of the Danish stock market over the past 75 years. In the short term, stocks are highly risky, and the relatively high return can therefore be seen as a compensation for risk. In the long term, risk increases less than the return prospect reflecting the fact that periods of low returns tend to be followed by periods of high returns at the Danish stock market. Due to this mean reversion tendency, stock investments are more attractive for long-term investors than for short-term investors. Mean reversion is stronger in Denmark than in the U.S.

Keywords: aktieinvesteringer; afkast; risiko (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:jdaecn:0252

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