Empirical Test of the Relationship between Consumption and Capital Asset Pricing in Tehran Stock Exchange [PDF]
مجله توسعه و سرمایه, 2021 Objective: The purpose of this paper is to derive a better criterion for systematic risk and to develop a closer relationship between the capital market and basic economic concepts and to explain the relationship between risk and return and pricing of ...
Shahrooz Pourfard, Behrooz Pourfard
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Developing Q-factor and Adjusted Q-factor Pricing Models by the Expected Investment Growth Factor using an Expected Return Factor [PDF]
تحقیقات مالی, 2022 Objective: Identifying the correct asset pricing model has long been an important topic in the thematic literature of financial economics. Such a model not only explains stock returns but also increases the ability to predict abnormal returns.
Sanaz Aalamifar +2 more
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Dynamic Spanning in the Consumption-Based Capital Asset Pricing Model
, 2001 Peter Christensen +2 more
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Real Economy Effects on Consumption-Based CAPM
Mathematics, 2022 The consumption-based capital asset pricing model (CCAPM) is an attractive research field in finance, and extant studies have examined the impacts of different factors towards traditional CCAPM, intending to improve the model from the practical ...
Dandan Zheng +3 more
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Asset Pricing with a Reference Level of Consumption : New Evidence from the Cross-Section of Stock Returns [PDF]
, 2006 [Überarbeitete Version, ursprünglicher Titel: Consumption-Based Asset Pricing with a Reference Level: New Evidence from the Cross-Section of Stock Returns] This paper presents an empirical evaluation of recently proposed asset pricing models which extend
Grammig, Joachim, Schrimpf, Andreas
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Estimating the effect of money illusion on the utility function of Iranian households: with Euler equations and GMM approach [PDF]
سیاستگذاری اقتصادیPurpose: Extensive evidence shows that consumption-based asset pricing models (CCAPM) proposed by Lucas (1978) and Breeden (1979) have failed to explain average stock returns in cross-sectional data.
Reza Roshan
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An analysis of Iran banking system balance sheet insolvency and its impact on economic growth using A DSGE model [PDF]
سیاستگذاری اقتصادیPurpose: Pricing The structure of Iranian financial systems is based on banking loans and credits. For this reason, Iranian commercial banks maintain the monopoly over supplying credits to various sectors.
Hasan Chenarani +3 more
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Optimal multi-period consumption and investment with short-sale constraints [PDF]
, 2014 Cataloged from PDF version of article.This article examines agents’ consumption-investment problem in a multi-period pure exchange economy where agents are constrained with the short-sale of state-dependent risky contingent claims.
Altay Salih, A. +2 more
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Economic Evaluation for Optimal Allocation of Flared Associated Natural Gas Production in Iranian Oil Fields [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2016 Iran is flaring about 30 million cubic meters of associated gas per day in onshore oil fields. Suboptimality of economic extraction and production of exhaustible natural resources pawn the national benefits.
Ali Faridzad +2 more
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