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The investment horizon and asset pricing models

Walsh, Kathleen

Description

The Life Cycle Hypothesis suggests that the primary motivation for saving is to accumulate resources in order to fund retirement. This suggests that investors have heterogeneous investment horizons, yet many tests of the CAPM assume homogeneous horizons.

CollectionsANU Research Publications
Date published: 2015
Type: Journal article
URI: http://hdl.handle.net/1885/21026
Source: Australian Journal of Management
DOI: 10.1177/0312896214521439

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