size and book-to-market ratio in Chapter 3. This is a cross-sectional test of the conditional CAPM. The models examined …-factor asset pricing models. Models tested are the CAPM, the Fama-French three-factor model and a four-factor model including the … coefficients of coskewness and cokurtosis have the correct sign as predicted by the higher-moment CAPM theory but only cokurtosis …

kernel that depends on returns, as in the CAPM or the APT, can accurately price assets. In this sense, theory based on …

returns. The finance literature has uncovered several potential failings of the Capital Asset Pricing Model (CAPM). I … investigate the ability of additional risk factors, which are not considered by the CAPM, to explain these problems. In particular … to refine and reassess the cross-sectional evidence against the CAPM.In the first chapter, I test the cross …

, insbesondere der Zeitreihenanalyse liegt. Das Konzept besteht darin, sämtliche wiederkehrenden Aufgaben mit Hilfe von Java …

between error estimation and data-based complexity penalization: any good error estimate may be converted into a data …

international practice, and (2) the port State's use of targeting to focus its attention on substandard performance. It will also … outline and clarify the practice of targeting which has been employed under several regional port State control agreements … throughout the world. This study will examine targeting as an economic sanction; in essence, a coercive measure using financial …

consumption CAPM based on realized consumption growth, little is known about how the time-variation of consumption growth …