Gil-Bazo, Javier - In: Journal of Business Finance & Accounting 33 (2006-01) 1-2, pp. 179-202
<link rid="b3">Boudry and Gray (2003)</link> have documented that the optimal buy-and-hold demand for Australian stocks is not necessarily increasing in the investment horizon when returns are predictable. Such finding is in contrast with <link rid="b1">Barberis (2000)</link> who shows that positive monotonic horizon effects predominate...