Author: Andreas StathopoulosPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Essays on asset pricing in open economies
Author: Andreas StathopoulosEssays on Business Cycles, Open Economies and Asset Prices Volatility
Author: Víctor Alberto PacharoniPublisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 190
Book Description
Essays on Asset Pricing in Production Economies
Author: Andrew Yeh-Chi ChenPublisher:
ISBN:
Category :
Languages : en
Pages : 162
Book Description
Chapter 3 examines general restrictions on production technologies implied by asset prices. It shows that representative firm models which are consistent with asset price data require either large capital adjustment costs, or volatile investment-specific technology shocks. These restrictions hold regardless of preferences, beliefs, operating leverage, or the completeness of asset markets. The restrictions summarize the sense in which asset prices are anomalous with respect to the theory of optimal investment.
Selected Essays in Empirical Asset Pricing
Author: Christian FunkePublisher: Springer Science & Business Media
ISBN: 3834998141
Category : Business & Economics
Languages : en
Pages : 123
Book Description
Christian Funke aims at developing a better understanding of a central asset pricing issue: the stock price discovery process in capital markets. Using U.S. capital market data, he investigates the importance of mergers and acquisitions (M&A) for stock prices and examines economic links between customer and supplier firms. The empirical investigations document return predictability and show that capital markets are not perfectly efficient.
Trade, Growth, and Economic Policy in Open Economies
Author: Karl-Josef KochPublisher: Springer Science & Business Media
ISBN: 3662004232
Category : Business & Economics
Languages : en
Pages : 398
Book Description
Part 1 of this volume focusses on globalization. Gains from trade, international competitiveness, labour market issues in open economies, customs unions, dumping and intra-firm trade are the topics of this part. Part 2 puts a stronger emphasis on dynamic economics. Social income, intergenerational transfers, public pension systems, and bequest and gift motives in overlapping generation models are main topics. Economic policies are analyzed in Part 3, including the relation between wage rigidity and migration, several aspects of German financial and monetary policy, as well as tax competition. The volume concludes with institutional issues of globalization, a western view on eastern transition, social cost of rent seeking, and the evolution of social institutions.
Two Essays on Asset Pricing and Asset Choice
Author: James Eric GundersonPublisher:
ISBN:
Category :
Languages : en
Pages : 336
Book Description
Author: Serena Frazzoni
Author: Tae-Jin Kang
Author: Vassilios Dimitrakas
Author: Marcelo Mello