Analyzing the risks of an illiquid and global asset: The case of fine wine
| dc.rights.license | open | en_US |
| dc.contributor.author | MASSET, Philippe | |
| dc.contributor.author | WEISSKOPF, Jean-Philippe | |
| hal.structure.identifier | Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi] | |
| dc.contributor.author | CARDEBAT, Jean Marie
IDREF: 061663352 | |
| hal.structure.identifier | Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi] | |
| dc.contributor.author | FAYE, Benoit | |
| hal.structure.identifier | Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi] | |
| dc.contributor.author | LE FUR, Eric | |
| dc.date.accessioned | 2022-06-23T14:47:26Z | |
| dc.date.available | 2022-06-23T14:47:26Z | |
| dc.date.issued | 2021-11-01 | |
| dc.identifier.issn | 1062-9769 | en_US |
| dc.identifier.uri | oai:crossref.org:10.1016/j.qref.2021.06.023 | |
| dc.identifier.uri | https://oskar-bordeaux.fr/handle/20.500.12278/140312 | |
| dc.description.abstractEn | We use a unique and very deep database to examine the performance of wine investments over the period 2003–2014. Our results reveal that the returns stemming from those investments are important but can largely be explained by their exposure to common risk factors. It appears essential to properly account for the lack of liquidity on the wine market and its exposure to global currency risk. Controlling for these wine market specificities and contradicting prior evidence, fine wines do not seem to offer abnormal returns. | |
| dc.language.iso | EN | en_US |
| dc.source | crossref | |
| dc.subject | Alternative assets | |
| dc.subject | Liquidity | |
| dc.subject | Exchange rate | |
| dc.subject.en | Wine | |
| dc.title.en | Analyzing the risks of an illiquid and global asset: The case of fine wine | |
| dc.type | Article de revue | en_US |
| dc.identifier.doi | 10.1016/j.qref.2021.06.023 | en_US |
| dc.subject.hal | Sciences de l'Homme et Société/Economies et finances | en_US |
| dc.subject.jel | Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q1 - Agriculture::Q14 - Agricultural Finance | en_US |
| dc.subject.jel | G - Financial Economics::G1 - General Financial Markets::G11 - Portfolio Choice; Investment Decisions | en_US |
| dc.subject.jel | C - Mathematical and Quantitative Methods::C5 - Econometric Modeling::C50 - General | en_US |
| bordeaux.journal | Quarterly Review of Economics and Finance | en_US |
| bordeaux.page | 1-25 | en_US |
| bordeaux.volume | 82 | en_US |
| bordeaux.hal.laboratories | Laboratoire d'analyse et de recherche en économie et finance internationales (LAREFI) - EA2954 | en_US |
| bordeaux.institution | Université de Bordeaux | en_US |
| bordeaux.institution | CNRS | |
| bordeaux.peerReviewed | oui | en_US |
| bordeaux.inpress | non | en_US |
| bordeaux.import.source | dissemin | |
| hal.identifier | hal-03703194 | |
| hal.version | 1 | |
| hal.date.transferred | 2022-06-23T14:47:28Z | |
| hal.export | true | |
| workflow.import.source | dissemin | |
| dc.rights.cc | Pas de Licence CC | en_US |
| bordeaux.COinS | ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=Quarterly%20Review%20of%20Economics%20and%20Finance&rft.date=2021-11-01&rft.volume=82&rft.spage=1-25&rft.epage=1-25&rft.eissn=1062-9769&rft.issn=1062-9769&rft.au=MASSET,%20Philippe&WEISSKOPF,%20Jean-Philippe&CARDEBAT,%20Jean%20Marie&FAYE,%20Benoit&LE%20FUR,%20Eric&rft.genre=article |
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