Why is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium

Jessica Wachter and Martin Lettau

No 302, 2005 Meeting Papers from Society for Economic Dynamics

Date: 2005
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Journal Article: Why Is Long‐Horizon Equity Less Risky? A Duration‐Based Explanation of the Value Premium (2007)
Working Paper: Why is Long-Horizon Equity Less Risky? A Duration-based Explanation of the Value Premium (2005)
Working Paper: Why is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium (2005)
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