decisions. The Big Five personality traits correlate with investors' beliefs about the stock market and economy, risk …

with empirical evidence, the model shows that (a) value stocks are those with higher cash-flow risk; (b) the size of the … value premium is larger in "bad times," due to time variation in risk preferences; (c) the unconditional CAPM fails, because …

their responsible workers, and in turn engage in CSR through self-regulation, provided that regulatory oversight is poor … enough - and hence regulation is loose enough - to make self-regulation worthwhile. The key prediction of the model is a … gas emissions disclosure in all public firms. Consistent with our theory, we find that firms in the UK receive lower CSR …

is partially segmented from other financial markets: the prices of short-rate and bond supply risk are set by specialized …

, we document that they are more likely to invest in disadvantaged areas and nascent industries and exhibit more risk …

Portfolio optimization focuses on risk and return prediction, yet implementation costs critically matter. Predicting …