Lin, Chaonan; Ko, Kuan-Cheng; Yang, Nien-Tzu - 2022
Chaderina et al. (2022) document a new anomaly, namely the maturity premium, to characterize higher returns of long-maturity stocks for the U.S. stock markets. They develop a theoretical model to show that the higher returns of long-maturity stocks are compensation to investors for exposing them...