Alternative Risk Premia What Do We

Investor Sentiment and the Cross-Section of Stock Returns

We then turn to the classical alternative explanation, namely, that they sim-ply reflect a complex pattern of compensation for systematic risk. This expla-nation would account for the predictability evidence by either time variation in rational, market-wide risk premia or time variation in the cross-sectional pattern of risk, that is, beta ...

  Risks, Alternatives, Sentiment, Premia, Risk premia