Graduation Year
2026
Date of Submission
12-2025
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Peter Kelly
Terms of Use & License Information
Rights Information
@ 2025 Matthew C Aved
Abstract
This paper examines the term structure of equity and specifically focuses on the impact of term spread and market attention. The paper builds on prior work that developed the concept by adding behavioral explanations for differences between the short-term and long-term returns while also attempting to link the term structure of equity and the bond yield curve. The study examines these influences by running t-tests and regressions on dividend strip and S&P 500 return data (1996-2017) and attention data collected by Bloomberg (2010-2017). The results provide some insight into how these variables influence short-term and long-term returns; however, limited instances of statistical significance prevent a reliable trading strategy recommendation.
Recommended Citation
Aved, Matthew C., "Impact of Attention and Yield Curve on Term Structure of Equity" (2026). CMC Senior Theses. 4295.
https://scholarship.claremont.edu/cmc_theses/4295
Included in
Accounting Commons, Corporate Finance Commons, Finance and Financial Management Commons, Portfolio and Security Analysis Commons
