Results 51 to 60 of about 33,816 (196)
The Journal of Finance, EarlyView.ABSTRACT We develop a unified theory of blockholder governance and the voting premium in a setting without takeovers or controlling shareholders. A voting premium emerges when a minority blockholder can influence shareholder composition by accumulating votes and buying shares from dissenting shareholders.
DORON LEVIT, NADYA MALENKO, ERNST MAUG
wiley +1 more source
The equity premium puzzle: High required equity premium, undervaluation and self fulfilling prophecy [PDF]
We argue that the equity premium puzzle may be explained by the fact that most market participants (equity investors, investment banks, analysts, companies¿) do not use standard theory (such as a standard representative consumer asset pricing model) for ...
Aguirreamalloa, Javier +2 more
core
Design and pricing of private long‐term care insurance: An Australian analysis
Journal of Risk and Insurance, EarlyView.Abstract Private long‐term care insurance (LTCI) is unavailable in many countries, including Australia, where individuals rely on government support and retirement savings for aged care. This study explores the design and pricing of private LTCI products covering out‐of‐pocket costs, using a model of chronic illness and disability in Australia.
Kyu Park, Michael Sherris
wiley +1 more source
Some solutions to the equity premium and volatility puzzles [PDF]
In this paper, I adopt an economic equilibrium model utilizing the framework introduced by Mehra and Prescott (1985) when they presented the equity premium puzzle. This model, in the long run and with respect to stationary probabilities, produces results
Li, Jinlu
core +1 more source
Behavioral Factors in Tax Preparer and Tax Compliance Choices
Kyklos, EarlyView.ABSTRACT What tax preparer characteristics are most important to taxpayers in their decision to use a tax preparer, and how does this choice of a tax preparer affect subsequent taxpayer compliance? We use laboratory experiments to examine these questions. We find that individuals in this environment simultaneously choose a preparer and their compliance
James Alm +4 more
wiley +1 more source
The Risk Premium for Equity: Explanations and Implications [PDF]
The equity premium puzzle shows that using standard parameters and setup, the Consumption-based Capital Asset Pricing Model's (CCAPM's) prediction of the premium associated with systematic risk is out by an order of magnitude.The object of this paper is ...
Grant, S., Quiggin, J.
core +1 more source
ESG, Bank Debt and Firm Value: A Signaling Perspective
Journal of International Financial Management &Accounting, Volume 37, Issue 2, Page 330-356, June 2026.ABSTRACT This paper delves into the influence of bank debt in shaping the relationship between environmental, social, and governance (ESG) performance and a firm's value. As a result of the superior informational and monitoring functions of bank borrowers in their lending relationships, we argue that a firm's degree of bank debt might signal the ...
Gabriel De la Fuente, Pilar Velasco
wiley +1 more source
An Exploration of the Effects of Pessimism and Doubt on Asset Returns [PDF]
The subjective distribution of growth rates of aggregate consumption is characterized by pessimism if it is first-order stochastically dominated by the objective distribution.
Andrew B. Abel
core +3 more sources
The equity premium in finance and valuation textbooks [PDF]
This paper is a review of the recommendations about the equity premium found in the main finance and valuation textbooks. We review several editions of books written by authors such as Brealey and Myers; Copeland, Koller and Murrin (McKinsey); Ross ...
Fernandez, Pablo
core +3 more sources
The equity premium in 100 textbooks [PDF]
I review 100 finance and valuation textbooks published between 1979 and 2008 by authors such as Brealey and Myers, Copeland, Damodaran, Merton, Ross, Bruner, Bodie, Penman, Weston, Brigham and Arzac and find that their recommendations regarding the ...
Fernandez, Pablo
core