Author: Xiangdong MaoPublisher:
ISBN:
Category :
Languages : en
Pages : 260
Book Description
Essays in Corporate Finance and International Asset Pricing
Author: Xiangdong MaoEssays in Asset Pricing and Corporate Finance
Author: Yu WangEssays in Asset Pricing and Corporate Finance
Author: Raffaele CorvinoEssays on Corporate Finance, Monetary Policy and Asset Pricing on London Stock Exchange
Author: Nikolaos BalafasThree Essays on Empirical Asset Pricing in International Equity Markets
Author: Birgit Charlotte MüllerPublisher: Springer Gabler
ISBN: 9783658354787
Category : Business & Economics
Languages : de
Pages : 147
Book Description
In this Open-Access-book three essays on empirical asset pricing in international equity markets are presented. Despite being of fundamental economic and scientific importance, international financial markets have remained considerably underresearched until today. In the first essay, the role of firm-specific characteristics is analyzed for the momentum effect to exist in international equity markets. The second essay investigates the validity, persistence, and robustness of the newly discovered capital share growth factor across international equity markets as proposed by Lettau et al. (2019) for the U.S. market. Lastly, the third and final essay studies stock market reactions of European vendor banks to distressed loan sale announcements.
Essays on International Corporate Finance
Author: Dev Raj MishraEssays in Asset Pricing and Corporate Finance
Author: Ivan PetzevEssays on Asset Pricing and Corporate Finance
Author: Marco MennerEssays on International Finance and Asset Pricing
Author: 刘思宁Publisher:
ISBN:
Category : Banks and banking, International
Languages : en
Pages : 0
Book Description
Essays on Asset Pricing, Portfolio Choice, and International Finance
Author: Maxime SauzetPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This dissertation investigates a number of topics in international finance and macroeconomics, with a particular emphasis on using and adapting tools from asset pricing to this context. Chapter 1, co-authored with Pierre-Olivier Gourinchas and Helene Rey, starts by providing an overview of the structure of the international monetary and financial system. Chapter 2 zooms in on a specific and long-standing open issue that has received a lot of attention in the international finance literature: the international portfolio choice problem, which is concerned with how investors allocate their portfolio internationally. Despite this attention, the literature has only provided limited answers to this problem in terms of resolution methods and the generality of preferences, an issue that I aim to alleviate in this Chapter. Because of its generality, the framework of Chapter 2 lends itself to several applications and extensions. Chapter 3 focuses on one main application, in which I show that the model can reproduce a number of stylized facts about the structure and dynamics of the international financial system, and in particular the role of the United States, and of asset returns in this context. Finally, Chapter 4, co-authored with Pierre-Olivier Gourinchas and Helene Rey, focuses on the secular decline in global real interest rates, another key theme in international finance and macroeconomics. We suggest that the world real rate of interest is likely to remain low or negative for an extended period of time, and discuss a number of possible explanations, an important one being the process of deleveraging of the balance sheets of investors.