Results 91 to 100 of about 33,816 (196)
High-Order Consumption Moments and Asset Pricing [PDF]
To assess the potential of incomplete consumption insurance for explaining the equity premium and the risk-free rate of return, we use a Taylor series expansion of the individual's marginal utility of consumption around the conditional expectation of ...
Andrei Semenov
core
The equity premium puzzle: A survey of the literature
, 2016 Bu tez, hisse primi bilmecesi literatürünün bir incelemesidir. Bu bilmece,Mehra ve Prescott tarafından 1985 yılında literatüre kazandırılmış olup, hisse se-netlerinin bonolara karşı priminin, modern makroekonomik kuramın en önemli birparçası olan Lucas-Breeden paradigması ile uyumsuzluğunu ortaya koyar.
openaire +2 more sources
A Note on the Pricing of Liquidity in Stock Returns
Lahore Journal of EconomicsKeynes (1930) proposed that an asset is more liquid than another “if it is more certainly realisable at short notice without loss” (vol. II, p. 67). This definition suggests that the liquidity of an asset is twofold. First, an asset should have a market
Nawazish Mirza
doaj
Market risk premium used in 2008: A survey of more than a 1,000 professors [PDF]
The average Market Risk Premium (MRP) used in 2008 by professors in the United States (6.5%) was higher than the one used by their colleagues in Europe (5.3%), Canada (5.4%), the United Kingdom (5.6%) and Australia (5.9%).
Fernandez, Pablo
core
EQUITY-PREMIUM PUZZLE: EVIDENCE FROM BRAZILIAN DATA [PDF]
This paper uses 1992:1-2004:2 quarterly data and two diferent methods (approximation under lognormality and calibration) to evaluate the existence of an equity- premium puzzle in Brazil. In contrast with some previous works in the Brazilian literature, I
Rubens Penha Cysne
core
Navigating the factor zoo around the world: an institutional investor perspective. [PDF]
J Bus Econ, 2021 Bartram SM +3 more
europepmc +1 more source
Changes in Risk and Asset Prices [PDF]
We examine asset prices in a representative-agent model of general equilibrium. Assuming only that individuals are risk averse, we determine conditions on the changes in asset risk that are both necessary and sufficient for the asset price to fall.
Christian Gollier, Harris Schlesinger
core
EQUITY Premium Puzzle in a Data-Rich Environment [PDF]
Standard consumption-based asset pricing models focus on the consumption risk, seen as the only source of fluctuations and information about risk for the informed investor.
Bouaddi, Mohammed, Douch, Mohamed
core +1 more source