We examine the connection between tail risk — as measured in Kelly and Jiang (2014) — and the cross-section of expected returns. In conditional predictive regression systems and vector-autoregressions of the market portfolio and the long- and shoresides of the Fama-French factor portfolios,...

Capital market research usually focuses on the investment decision of a risk-averse investor, who determines the relationship between risky assets and risk-free investment. Furthermore, numerous capital market models assume normally distributed security returns and rational investors. In this...

This study examines the relationship between financing decisions such as capital structure, capital budgeting techniques and dividend policy along with the firm's attributes. We examined the impact of industrial sectors and financial performance using the panel data of 80 listed companies in...