Time-Varying Risk Attitude and Conditional Skewness

Much literature finds that the skewness in the return distribution is negatively correlated with the risk premium coefficient, and speculation is the reason for the skewness in the return distribution. As further research, this paper, first taking up the time-varying property of the risk premium coe...

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Bibliographic Details
Main Authors: Zhifeng Liu, Tingting Zhang, Fenghua Wen
Format: Article
Language:English
Published: Wiley 2014-01-01
Series:Abstract and Applied Analysis
Online Access:http://dx.doi.org/10.1155/2014/174848
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