Results 131 to 140 of about 273,667 (338)
Insider Ownership and Investment Efficiency
International Journal of Finance &Economics, EarlyView.ABSTRACT This study examines the relationship between insider ownership and investment efficiency in Indian publicly listed firms, utilising panel data spanning 2001 to 2015. It explores how agency conflicts contribute to suboptimal capital investment decisions. Our analysis reveals that increased insider ownership is associated with reduced investment
Bibek Bhatta
wiley +1 more source
A parsimonious macroeconomic model for asset pricing [PDF]
I study asset prices in a two-agent macroeconomic model with two key features: limited stock market participation and heterogeneity in the elasticity of intertemporal substitution in consumption (EIS). The model is consistent with some prominent features
Fatih Guvenen
core
ESG Performance and Credit Risk: Evidence From Chinese Manufacturing Companies
International Journal of Finance &Economics, EarlyView.ABSTRACT This study investigates the effect of corporate environmental, social, and governance (ESG) performance on credit risk using a sample of manufacturing firms listed on China's Shanghai and Shenzhen A‐share markets from 2009 to 2021. Employing fixed effects, the generalised method of moments, and instrumental variable models, we find that ...
Yanan Wang +4 more
wiley +1 more source
The equity premium puzzle and emotional asset pricing [PDF]
Since the equity premium as well as the risk-free rate puzzle question the concepts central to financial and economic modeling, we apply behavioral decision theory to asset pricing in view of solving these puzzles. U.S.
Gürtler, Marc, Hartmann, Nora
core
Inconsistency of the Capital Asset Pricing Model in a Multi‐Currency Environment
International Journal of Finance &Economics, EarlyView.ABSTRACT The capital asset pricing model (CAPM) is a widely adopted model in asset pricing theory and portfolio construction because of its intuitive nature. One of its main conclusions is that there exists a global market portfolio that each rational investor should hold in proportion to the risk‐free asset. In this paper, we demonstrate theoretically
Khalifa Al‐Thani +4 more
wiley +1 more source
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI EQUITY RISK PREMIUM (Studi pada Perusahaan Perbankan Yang terdaftar di Bursa Efek Indonesia tahun 2009-2013) [PDF]
, 2016 ABSTRAK ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI EQUITY RISK PREMIUM (Studi Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2009-2013) Oleh: Rurianty Azhar Investasi di dunia pasar modal dipenuhi dengan unsur ...
Rurianty Azhar, 114020009
core
International Journal of Finance &Economics, EarlyView.ABSTRACT This paper examines the impact of regulatory controls on Bitcoin's excess returns and volatility. The paper innovates by proxying changes in the regulatory environment using global Google search volume intensity data. The generated regulatory indices accurately identify episodes of regulatory tightening within cryptocurrency markets.
Robert Mullings
wiley +1 more source
, 2020 Equity risk premium (ERP) is the key component of many risk and return models in finance. It is frequently used in academic research and business practice. There exist several approaches to estimate the ERP. This paper reviews shortly different approaches. The selected approaches are used to estimate the ERP for Turkey.
openaire +1 more source
Doubtful Receivables' Risk and Its Impact on Stock Returns
Journal of Corporate Accounting &Finance, EarlyView.ABSTRACT The current research proposes a previously unknown source of risk in relation to companies’ doubtful receivables. Higher relative doubtful receivables present a risk for companies' future cash flows. Hence, the article discusses an innovative risk measure associated with companies’ doubtful receivables.
Roi D. Taussig
wiley +1 more source