| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089518 | Journal of Banking & Finance | 2012 | 17 Pages |
Abstract
⺠The value premium is small for investors with a material fixed-income exposure. ⺠The reason is that value stocks offer a poor hedge against bad bond returns. ⺠This result hold especially for investors who are concerned with downside risk. ⺠And, it arises for plausible, medium-term evaluation horizons of around one year.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Guido Baltussen, Gerrit T. Post, Pim Van Vliet,