Discussion of “Implied Equity Duration: A New Measure of Equity Risk”
Review of Accounting Studies · 2004 · Volume 9 · Issue 2
DOI: 10.1023/B:RAST.0000028187.59987.8f
Abstract
Equity duration offers an interesting new approach to measuring stock risk. The cross-sectional relation between duration and returns is puzzling and invites further investigation.
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