Asset Pricing with Return Extrapolation [PDF]
We present a new model of asset prices in which a representative agent has extrapolative beliefs about stock market returns and Epstein-Zin preferences. The model quantitatively explains facts about asset prices, return expectations, and cash-flow expectations. When the agent's beliefs about stock market returns are calibrated to survey expectations of
Lawrence J. Jin, Pengfei Sui
openalex +7 more sources
The effect of profitability, size and Shariah supervisory board of an Indonesian Islamic bank on the Islamic social reporting disclosure [PDF]
This paper analyzes the effect of profitability and size of Indonesian Islamic banks on the level of Islamic Social Reporting (ISR) disclosure.
Fachrurrozie+4 more
doaj +1 more source
Compliance of corporate responsibility information at Vietnamese listed enterprises [PDF]
In the trend of economic globalization, corporate responsibility is always concerned with economic growth. Responsibility accounting has important implications for enterprises in their growth.
Tran Quoc Thinh
doaj +1 more source
BANKING INSTITUTIONS AND AGGREGATED INDICATORS FOR FINANCIAL STABILITY ON THE ROMANIAN BANKING MARKET [PDF]
In times of crisis, the behaviour of the participants in the economic process changes, they being forced to adapt to new times, at a rapid pace. It reflects prudence and a reorganization from all points of view regarding the activities of companies.
Roxana Daliana Schiop+1 more
doaj +1 more source
The role of e-payments in enhancing financial performance: A case study of the Bank of Palestine [PDF]
The purpose of this paper is to explore electronic payments, which are considered one of the most important tools in financial technology. Hence, electronic payments play a great role in enhancing the financial performance of the Bank of Palestine.
Bahaa Sobhi Awwad
doaj +1 more source
The Mutual Effect of Volatilities of Return on Assets and Securities on Reward of Managers Based on Growth Rate of Cash Assets [PDF]
Using internal and external financial resources has different effects on productivity, return on accounting and efficiency of investment based on volatilities is based on reward payment to managers.
Zahra Pourzamani, Abbas Tarazian
doaj +1 more source
FINANCIAL RETURN ON ASSETS. THE IMPACT OF THE FINANCIAL RETURN ON ASSETS OVER THE COMPANY’S DEVELOPMENT [PDF]
The financial rate of return is a significant indicator for assessing the economic and financial performance of an enterprise for the internal diagnosis, as well as for the analysis required by the external partners.
Constantin Căruntu+1 more
doaj +1 more source
The past half-century has seen major shifts in inflation expectations, how inflation comoves with the business cycle, and how stocks comove with Treasury bonds. Against this backdrop, we review the economic channels and empirical evidence on how inflation is priced in financial markets. Not all inflation episodes are created equal.
Anna Cieslak, Carolin Pflueger
openaire +1 more source
Financial integration and asset returns [PDF]
Abstract The paper investigates the impact of financial integration on asset return, risk diversification and breadth of financial markets. We analyse a three-country macroeconomic model in which: (i) the number of financial assets is endogenous; (ii) assets are imperfect substitutes; (iii) cross-border asset trade entails some transaction costs; (iv)
P Martin, H Rey
openaire +4 more sources
The Demographics of Innovation and Asset Returns [PDF]
We study an overlapping-generations economy in which new agents innovate and introduce new products and firms. Innovation is stochastic. The new firms increase overall productivity, but also steal business from pre-existing firms and act as depreciation shocks for the human capital of existing agents.
Nicolae Gârleanu+2 more
openaire +4 more sources