Real interest rates, long run risks and business cycles. Standard theoretical model under power utility preferences generates time series for real yields and output that are not consistent with the cyclical properties of the macroeconomic data. In particular real interest rates of the model are...

English Abstract: This study investigates the effect of the publication of spin-off news, published between 2000 and 2011 in the Wall Street Journal (WSJ), on the abnormal returns of companies involved in the deal. The results of the empirical analysis developed through an event study on a...