Showing 1 - 2 of 2
stock returns, both marketwide and on individual stocks. We show that global risk appetite has a significant role in driving …
Persistent link: https://www.econbiz.de/10011189481
This paper extends the intertemporal capital asset pricing model (ICAPM) to integrate the heterogeneous trading behavior of three groups of investors; rational utility maximizers, positive feedback, or momentum, traders, and fundamental traders. Using several contemporary fundamental factors to...
Persistent link: https://www.econbiz.de/10010588051