Construct · 1 fields · 1 citations

long-run stock return skewness: a standalone construct

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long-run stockreturn skewness1 CONSTRUCTLong-run stock returnBESSEMBINDER · FINANCE

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Finance

most individual stocks earning less than Treasury bills over their lifetimes while a small set of big winners produce all net market gains.

In finance, long-run stock return skewness refers to most individual stocks earning less than Treasury bills over their lifetimes while a small set of big winners produce all net market gains. This meaning comes from Bessembinder (2018) in Journal of Financial Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

market3 fields · 5 citationsjingle · one word, three constructsreturn3 fields · 3 citationsjingle · one word, three constructsstock2 fields · 2 citationsjingle · one word, two constructs

References

  1. Bessembinder, H. (2018). Do stocks outperform Treasury bills? Journal of Financial Economics, 129(3), 440-457. https://doi.org/10.1016/j.jfineco.2018.06.004

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