EQUITY ANALYSIS - Growth Options and Equity Duration - The determinants of equity duration, or interest rate sensitivity, have proven difficult to identify in empirical studies. The authors argue in this article that because growth opportunities exhibit option-like characteristics, stocks of high-growth companies are likely to react differently to changes in interest rates from stocks of ...
| Year of publication: |
1998
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| Authors: | Hevert, Kathleen T. ; McLaughlin, Robyn M. ; Taggart Jr, Robert A. |
| Published in: |
The journal of portfolio management : a publication of Institutional Investor. - New York, NY : Institutional Investor, ISSN 0095-4918, ZDB-ID 1971451. - Vol. 25.1998, 1, p. 43-50
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