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Equity, Efficiency and Increasing Returns [PDF]
The Review of Economic Studies, 1979 Focuses on a study which examined economic equilibria involving increasing returns and optimality. Description of the model; Geometrical and mathematical derivation of the model; Conditions involved in economies with efficient equilibria. (From Ebsco)
Donald J. Brown, Geoffrey M. Heal
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The Expected Real Return to Equity [PDF]
Finance and Economics Discussion Series, 2009 The expected return to equity--typically measured as a historical average--is a key variable in the decision making of investors. A recent literature based on analysts' forecasts and practitioner surveys finds estimates of expected returns that are sometimes much lower than historical averages.
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Default Risk in Equity Returns [PDF]
The Journal of Finance, 2002 ABSTRACTThis is the first study that uses Merton's (1974) option pricing model to compute default measures for individual firms and assess the effect of default risk on equity returns. The size effect is a default effect, and this is also largely true for the book‐to‐market (BM) effect.
Yuhang Xing, Maria Vassalou
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Investigating the Effect of CEO Power on Financial Performance of Firms Listed with Tehran Stock Exchange [PDF]
مجله توسعه و سرمایه, 2021 Objective: This study is supposed to investigate the relationship between CEO power and performance measurement. CEO tenure, management duality and board independence are the measures used to capture managerial power.
Aref Forughi, Alireza Rahimi
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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
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Equity Returns And Integration Is Europe Changing? [PDF]
Oxford Review of Economic Policy, 2004 Abstract How significant is the mark left by the all-important process of economic and financial integration, including the advent of the euro, on equity markets? From the viewpoint of equity investors, can one assert that the promises of European integration are materializing?
Adjaouté, Kpate, Danthine, Jean-Pierre
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A study to measure the impact of privatized industries [PDF]
Management Science Letters, 2012 One of the most important issues in privatization is to measure the impact of such decisions on improving efficiency of governmental organizations.
Seyed Hossein Miri, Hamideh Aawani
doaj
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
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A Comparative Analysis of Bank Performance in Romania in the Period before the Global Financial Crisis and Post - Crisis [PDF]
Finanţe: Provocările viitorului, 2016 This paper makes an analysis of bank performance, in terms of Return on Asset and Return on Equity indicators, the analysis that we believe is very useful to investors, in order to make decisions that lead to expected results ...
Jenica Popescu +2 more
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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
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