Results 11 to 20 of about 32,680 (120)
Investment and the Cross‐Section of Equity Returns [PDF]
The Journal of Finance, 2018 ABSTRACTThe data show that, upon being hit by adverse profitability shocks, large public firms have ample latitude to divest their least productive assets, reducing the risk faced by shareholders and the returns that they are likely to demand. In the one‐factor production‐based asset pricing model, when the frictions to capital adjustment are shaped to
Berardino Palazzo, Gian Luca Clementi
openaire +4 more sources
Margin Requirements and Equity Option Returns [PDF]
SSRN Electronic Journal, 2017 In equity option markets, traders face margin requirements both for the options themselves and for hedging-related positions in the underlying stock market. We show that these requirements carry a significant "margin premium" in the cross-section of equity option returns.
Hitzemann, Steffen +3 more
openaire +6 more sources
Contracts and Returns in Private Equity Investments [PDF]
SSRN Electronic Journal, 2012 Abstract We analyze the relationship between contracts and returns in private equity (PE) investments. Contractual control in the form of covenants tends to be employed to identify good deals. Better quality firms are more likely to have covenant-rich contracts, as they are less concerned by the constraints imposed by the covenants.
Emilia Garcia-Appendini +4 more
openaire +4 more sources
Asymmetry and Performance Metrics for Equity Returns [PDF]
SSRN Electronic Journal, 2016 An assumption of symmetric asset returns, together with globally risk averse utility functions, is unappealing for fund managers and other activist investors, whose preferences switch between risk aversion on the downside and risk seeking on the upside.
Bowden, Roger J. +2 more
openaire +3 more sources
MANAJEMEN DEWANTARA, 2023 Maximum stock returns from investment value will be obtained if investors have insight and information, one of which is fundamental analysis using financial ratios, so that it can be used as a guide in making the right investment decisions in the capital market.
Caesaro, Gilang Danendra +2 more
openaire +1 more source
Common Factors in Equity Option Returns
SSRN Electronic Journal, 2018 We explore the factor structure in delta-hedged equity option returns. A sparse la tent factor model generates a correlation of 0.90 or higher between average and predicted option returns. A comparable performance is achieved with a characteristic-based model containing four factors: the equally weighted option portfolio, a factor based on the ...
Horenstein, A, Vasquez, A, Xiao, X
openaire +2 more sources
Liquidity and equity returns in Borsa Istanbul
Applied Economics, 2015 ABSTRACTWe investigate the relationship between expected returns and liquidity measures in Borsa Istanbul. To do so, we gather a wide range of illiquidity measures that can be applied to the market. Firm-level cross-sectional regressions indicate that there is a positive relationship between various illiquidity measures and one- to six-month ahead ...
Atılgan, Yiğit +2 more
openaire +4 more sources
Return on equity of furniture industry
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2013 Economic efficiency of the furniture production is closely associated with high input costs. Despite the fact that the material makes up 80% of total costs, there were 7,908 active furniture manufacturing companies in 2011 in the Czech Republic and they generated sales of nearly 30,812,199 thousand with an added value of CZK 9,592,032 thousands CZK and
openaire +3 more sources
Predicting Equity Returns in Emerging Markets
Emerging Markets Finance and Trade, 2018 This study investigates the relation between firm-specific attributes and future equity returns in 23 emerging markets. Equal-weighted portfolio returns reveal strong evidence of short-term momentum (rather than reversal) and medium-term return momentum.
Yigit Atilgan +2 more
openaire +5 more sources
Time matters less: Variance partitioning of return on equity for banks in Uganda. [PDF]
Heliyon, 2023 Jitmaneeroj B, Ogwang J.
europepmc +1 more source