TY  - JOUR
TI  - Assessment of Financial Assets by the Ratio of «Risk-Yield», Taking into Consideration the Duration of Investments
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - risk
KW  - return
KW  - Sharpe ratio
KW  - risk premium
KW  - stocks
KW  - bonds
KW  - capital asset pricing model (CAPM)
KW  - security market line (SML)
KW  - investments
KW  - securities
AB  - One of the fundamental concepts of financial theory is to find compromise between risk and return. In the traditional approach to ratio of risk and return - higher yield faces a higher risk. It does not take into consideration the timeframe of investments. Purpose of this article is to analyze the risk-profitability ratio of financial instruments depending on the investment period in developed and emerging markets. The analysis showed that the prolongation of the investment period reduces the risk indicators, and the yield remains almost constant. At long time periods shares indicate higher returns with lower risk.
AU  - Nikolay Berzon
AU  - Sergey Volodin
UR  - https://ej.hse.ru/en/2010-14-3/26558317.html
PY  - 2010
SP  - 311-325
VL  - 14