TY  - GEN 
A1  - Leon-Rincon, Carlos Eduardo
A1  - Leiton-Rodriguez, Karen Juliet
A1  - Reveiz-Herault, Alejandro
DA  - 2012/08/08
PY  - 2012
UR  - https://repositorio.banrep.gov.co/handle/20.500.12134/5775
AB  - Financial basics and intuition stresses the importance of investment horizon for risk management and asset allocation. However, the beta parameter of the Capital Asset Pricing Model (CAPM) is invariant to the holding period. Such contradiction is due...
LA  - spa
PB  - Banco de la Republica
T3  - Borradores de Economia
JF  - Borradores de Economia; No. 730
M3  - Open Access
T1  - Investment horizon dependent CAPM : adjusting beta for long-term dependence
KW  - C14 - Semiparametric and Nonparametric Methods: General
KW  - G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
KW  - G20 - Financial Institutions and Services: General
KW  - G12 - Asset Pricing; Trading Volume; Bond Interest Rates
KW  - G14 - Information and Market Efficiency; Event Studies; Insider Trading
KW  - CAPM
KW  - Hurst exponent
KW  - Long-term dependence
KW  - Fractional brownian motion
KW  - Asset allocation
KW  - Investment horizon
KW  - Rendimiento financiero
KW  - Riesgo financiero
KW  - Confianza (Inversiones)
KW  - Inversiones
KW  - Activos financieros -- Valoracion -- Modelos
KW  - G12 - Valoracion de activos financieros; Volumen de comercio; Tasas de interes de bonos
KW  - G32 - Politica de financiacion; riesgo financiero y gestion de riesgos; Estructura del capital y de la propiedad; Valor de empresa; fondo de comercio
KW  - G20 - Instituciones y servicios financieros: Generalidades
KW  - C14 - Metodos semiparametricos y no parametricos: generalidades
KW  - G14 - Informacion y eficiencia del mercado; Estudios de casos; trafico de informacion privilegiada
DO  - https://doi.org/10.32468/be.730
L1  - https://ideas.repec.org/p/bdr/borrec/730.html
ER  -