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Assessment of Financial Assets by the Ratio of «Risk-Yield», Taking into Consideration the Duration of Investments

русская версия

Опубликовано на портале: 31-12-2010
Экономический журнал ВШЭ. 2009.  Т. 13. № 3. С. 311-325. 
Тематический раздел:
One of the fundamental concepts of financial theory is to find compromisebetween risk and return. In the traditional approach to ratio of risk and return –higher yield faces a higher risk. It does not take into consideration the timeframeof investments. Purpose of this article is to analyze the risk-profitability ratio offinancial instruments depending on the investment period in developed and emergingmarkets. The analysis showed that the prolongation of the investment periodreduces the risk indicators, and the yield remains almost constant. At long timeperiods shares indicate higher returns with lower risk.
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См. также:
Nai-Fu Chen
Journal of Finance. 1983.  Vol. 38. No. 5. P. 1393-1414. 
Николай Иосифович Берзон, С Н Володин
Экономический журнал ВШЭ. 2010.  Т. 14. № 3. С. 311-325. 
П.С. Бардаева
Экономические науки. 2009.  № 5. С. 247-252. 
Jeff Frank
[Учебная программа]
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Journal of Finance. 1989.  Vol. 44. No. 2. P. 231-262. 
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Economics Perspectives, Federal Reserve Bank of Chicago. 1999.  Vol. 23. No. 3. P. 36-58.