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dc.contributor.authorLi, Bin
dc.contributor.authorLiu, Benjamin
dc.contributor.authorBianchi, Robert
dc.contributor.authorSu, Jen Je
dc.date.accessioned2017-05-03T15:49:23Z
dc.date.available2017-05-03T15:49:23Z
dc.date.issued2012
dc.date.modified2013-06-13T04:02:51Z
dc.identifier.issn0313-5934
dc.identifier.urihttp://hdl.handle.net/10072/47226
dc.description.abstractWhile it is generally accepted that equities achieve higher returns than fixed interest on average over the longer run, recent financial market volatility and poor equity performance have raised questions about the required holding period. Our study addresses this issue by examining US stocks and Treasury bills from 1963 to 2011. We find that a 15-year holding period is required to ensure a 95 per cent probability that stocks will outperform the risk-free rate of return. And, for large market capitalisation stock portfolios (favoured by pension funds) the investment horizon is even longer.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent283734 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherFinancial Services Institute of Australasia
dc.publisher.placeAustralia
dc.publisher.urihttps://www.finsia.com/news-hub/ajaf
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom43
dc.relation.ispartofpageto48
dc.relation.ispartofissue2
dc.relation.ispartofjournalJASSA
dc.relation.ispartofvolume2012
dc.rights.retentionY
dc.subject.fieldofresearchAccounting, auditing and accountability
dc.subject.fieldofresearchBanking, finance and investment
dc.subject.fieldofresearchFinance
dc.subject.fieldofresearchcode3501
dc.subject.fieldofresearchcode3502
dc.subject.fieldofresearchcode350202
dc.titleStock Returns and Holding Periods
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2012 JASSA and the Authors. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
gro.date.issued2012
gro.hasfulltextFull Text
gro.griffith.authorBianchi, Robert
gro.griffith.authorLiu, Benjamin
gro.griffith.authorSu, Jen-Je
gro.griffith.authorLi, Bin


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