| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 966538 | Journal of Monetary Economics | 2013 | 16 Pages |
Abstract
⺠The investment approach is as “causal” as the consumption approach. ⺠Characteristics-based factors approximate investment returns (not risk factors). ⺠Measurement errors cause betas to be dominated by characteristics.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Xiaoji Lin, Lu Zhang,