Endogenous Representation of Asset Returns [PDF]
arXiv, 2020 Factor modeling of asset returns has been a dominant practice in investment science since the introduction of the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT). The factors, which account for the systematic risk, are either specified or interpreted to be exogenous.
arxiv
Invisible Labor and the “Ghost Particle”: Underground Physics at the Kolar Gold Fields**
Berichte zur Wissenschaftsgeschichte, EarlyView.Abstract When cosmic rays—high‐energy particles from outer space—encounter the Earth's atmosphere, they produce particles called neutrinos. To detect them, physicists go underground inside deep mines where the overlying rock can filter out the cosmic‐ray background radiation.
Nithyanand Rao
wiley +1 more source
O modelo de formação de preços de ativos: (capital asset pricing model) teoria e evidência [PDF]
, 1979 Fernando Bins Luce +1 more
openalex +1 more source
From Diversity to Confusion? The Challenge of Biodiversity Footprint Quantification
Business Strategy and the Environment, EarlyView.ABSTRACT This study documents a significant disagreement between the biodiversity footprints of three major providers. This disagreement mainly stems from fundamental disagreement on the underlying methods and data (measurement), while providers agree to a large part on which firm operations contribute to a loss in biodiversity and how they are ...
Raphaela Roeder, Sebastian Utz
wiley +1 more source
Uncertain Inflation, Systematic Risk, and the Capital Asset Pricing Model [PDF]
, 1978 Thomas A. Lawler
openalex +1 more source
Business Strategy and the Environment, EarlyView.ABSTRACT We utilize a rich dataset of manufacturing firms to investigate the heterogeneous effects of ISO 14001 on the financial performance of certified firms. We employ machine learning techniques, specifically causal tree and causal forest, to uncover these effects. Our findings reveal consistently positive average effects of ISO 14001 certification
Xiaoliu Xu, Abdoul G. Sam
wiley +1 more source
Validity of capital asset pricing model: evidence from Karachi stock exchange [PDF]
This study investigates the validity of Capital Asset Pricing (CAP) Model in Karachi stock exchange (KSE). The data of 387 companies of 30 different sectors on monthly, quarterly and semiannual basis are used. The Paired sample t- test is applied to find
Fahim, qazi +3 more
core +1 more source
O modelo de avaliação de ativos (capital asset pricing model): aplicações [PDF]
, 1980 José C. G. Alcântara
openalex +1 more source
Does Climate Change Risk Impact Insurance Credit Risk? Cross Country Evidence
Business Strategy and the Environment, EarlyView.ABSTRACT While climate change poses a significant financial risk to the insurance industry, research has not yet examined the impact on the insurer's credit risk. This study investigates the impact of climate change risks on credit risk for insurance firms.
Jassem Alokla +2 more
wiley +1 more source
TIME VARIATION AND ASYMMETRY IN THE WORLD PRICE OF COVARIANCE RISK: THE IMPLICATIONS FOR INTERNATIONAL DIVERSIFICATION [PDF]
The International Capital Asset Pricing Model measures country risk in terms of the conditional covariance of national returns with the world return. Using impulse responses from a multivariate nonlinear model we provide evidence of time variation and ...
Kalvinder Shields +2 more
core