rates of return on in- vestment securities for bearing greater risk. This paper looks at the historical evidence regarding … risk and return, explains the fundamentals of portfolio and asset pricing theory, and then goes on to take a new look at … the relationship between risk and return using some unexplored risk measures that seem to capture quite closely the actual …

the firm's exposure to IST shocks and risk premia. Our calibrated model replicates: i) the predictability of returns by … returns by aggregate investment and valuation ratios; and v) a downward sloping term structure of risk premia for dividend …

potential loss of profit. By enabling firms to retain only a very small fraction of these potential revenues, the government can …