Results 71 to 80 of about 2,230,299 (390)
A One-Factor Conditionally Linear Commodity Pricing Model under Partial Information [PDF]
Asia-Pacific Financial Markets, May 2014, Volume 21, Issue 2, pp
151-174, 2014 A one-factor asset pricing model with an Ornstein--Uhlenbeck process as its state variable is studied under partial information: the mean-reverting level and the mean-reverting speed parameters are modeled as hidden/unobservable stochastic variables.
arxiv +1 more source
Leverage and asset prices: An experiment [PDF]
Journal of Economic Behavior & Organization, 2012 Abstract We develop a model of leverage that is amenable to laboratory implementation and gather experimental data. We compare two economies that only differ in one dimension: in one economy, agents cannot borrow; in the other, they can leverage a risky asset to issue debt. Leverage increases asset prices in the laboratory.
Marco Cipriani +2 more
openaire +6 more sources
Engineering Triboelectric Paper for Energy Harvesting and Smart Sensing
Advanced Materials, EarlyView.Engineering nano‐graphite coated paper (NG@P) is produced to serve as triboelectric layers and electrodes for TENGs. Ultra‐high power density above 14 kW m−2 is achieved due to the electrostatic discharge on the surface. Moreover, smart home sensors are fabricated using the NG@P for motion sensing and sleep monitoring, which could be used for security ...
Renyun Zhang +8 more
wiley +1 more source
A closed-form pricing formula for European options in an illiquid asset market
Financial Innovation, 2022 This article addresses the problem of pricing European options when the underlying asset is not perfectly liquid. A liquidity discounting factor as a function of market-wide liquidity governed by a mean-reverting stochastic process and the sensitivity of
Puneet Pasricha +2 more
doaj +1 more source
Prediction of Stock Prices Using Capital Asset Pricing Model in Nigerian Stock Market
JDE (Journal of Developing Economies), 2023 The main intention of this study is to use the accounting data using CAPM to determine the stock prices/returns for the Nigerian capital market. In this study, the independent variable is the prediction of the stock prices and the dependent variable is ...
Muhammed Lamin Jabbi +1 more
doaj +1 more source
Investor Psychology and Asset Pricing
, 2001 The basic paradigm of asset pricing is in vibrant flux. The purely rational approach is being subsumed by a broader approach based upon the psychology of investors. In this approach, security expected returns are determined by both risk and misvaluation.
D. Hirshleifer
semanticscholar +1 more source
An Experimental Test of the Lucas Asset Pricing Model
The Review of Economic Studies, 2018 We implement a dynamic asset pricing experiment in the spirit of Lucas (1978) with storable assets and non-storable cash. In the first treatment, we impose diminishing marginal returns to cash to incentivize consumption smoothing across periods.
Sean Crockett, J. Duffy, Yehuda Izhakian
semanticscholar +1 more source
Creative Destruction and Asset Prices [PDF]
SSRN Electronic Journal, 2010 We relate Schumpeter’s notion of creative destruction to asset pricing, thereby offering a novel explanation of size and value premia. We argue that small-value firms must offer higher expected returns to compensate for the risk posed by serendipitous invention activity, whereas large-growth stocks provide protection against creative destruction and ...
Joachim Grammig +3 more
openaire +7 more sources
Upscaling Perovskite Photovoltaics: from 156 cm2 Modules to 0.73 M2 Panels
Advanced Science, EarlyView.From lab to sunlight: perovskite photovoltaics are scaled from 156 cm² large area modules to 0.73 m² panels. With 17.68% efficiency at module level and a stron 12% PCE in outdoor conditions, this advance represents a significant step toward real‐world deployment, paving the way from innovation to practical application.
Hafez Nikbakht +13 more
wiley +1 more source
Behavioural Asset Pricing: A Review
International Journal of Economics and Financial Issues, 2019 Neoclassical asset pricing is built on the premise investors are rational and there are unlimited arbitrage opportunities. Behavioural implications of irrational investors led to the development of the counter paradigm, behavioural asset pricing.
N. S. Nanayakkara +2 more
doaj