Jiang, Xiaoquan; Lee, Bong-Soo - In: Journal of Financial Markets 18 (2014) C, pp. 158-181
This paper examines the intertemporal risk-return relation using a more sensible empirical specification that is motivated by two concerns: the theoretical risk-return relation is an ex ante relation and the empirical method used to detect the relation should be reliable. We measure both the...