Volatility Decay and Diversification Role of Timberland as the Investment Horizon Lengthens
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DOI: 10.1093/forsci/fxab031
Abstract: Under the mean-variance efficiency framework, we investigate the role of timberland asset in a mixed-asset portfolio in the United States. Starting from a single period (quarterly) view, we first reveal the crucial role of serial… read more here.
Keywords: timberland; investment; equity timberland; investment horizon ... See more keywords