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A novel downside risk measure and expected returns

Liu, Jinjing - 2019

Several studies have found that the cross-section of stock returns reflects a risk premium for bearing downside risk …; however, existing measures of downside risk have poor power for predicting returns. Therefore, this paper proposes a novel … measure of downside risk, the ES-implied beta, to improve the prediction of the cross-section of asset returns. The ES …

Persistent link: https://www.econbiz.de/10012113746

A new tail-based correlation measure and its application in global equity markets

Liu, Jinjing - 2019

existing value at risk (VaR)-implied correlation. Simulations which define period-by-period true correlations show that the ES …

Persistent link: https://www.econbiz.de/10012004764

Psychometrics as a tool to improve screening and access to credit

Arráiz, Irani; Bruhn, Miriam; Stucchi, Rodolfo - 2015

Persistent link: https://www.econbiz.de/10011408761

Equivalent years of schooling : a metric to communicate learning gains in concrete terms

Evans, David K.; Yuan, Fei - 2019

In the past decade, hundreds of impact evaluation studies have measured the learning outcomes of education interventions in developing countries. The impact magnitudes are often reported in terms of "standard deviations," making them difficult to communicate to policy makers beyond education...

Persistent link: https://www.econbiz.de/10012007992

Test score gap robustness to scaling : the scale transformation command

Chang, Andres Yi - 2019

Social scientists frequently rely on the cardinal comparability of test scores to assess achievement gaps between population subgroups and their evolution over time. This approach has been criticized due to the ordinal nature of test scores and the sensibility of results to order-preserving...

Persistent link: https://www.econbiz.de/10012114081