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Asset pricing with heterogeneous consumers and limited participation : empirical evidence
Brav, Alon; Kōnstantinidēs, Giōrgos; Géczy, Christopher - 1999
Persistent link: https://www.econbiz.de/10001425214
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Asset pricing with heterogeneous consumers and limited participation : empirical evidence
Brav, Alon; Kōnstantinidēs, Giōrgos; Géczy, Christopher - In: Journal of political economy 110 (2002) 4, pp. 793-824
Persistent link: https://www.econbiz.de/10001688151
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Asset pricing with heterogenous consumers and limited participation : empirical evidence
Brav, Alon; Kōnstantinidēs, Giōrgos; Géczy, Christopher - 1999
Persistent link: https://www.econbiz.de/10001447281
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Asset pricing with heterogeneous consumers and limited participation : empirical evidence
Brav, Alon; Kōnstantinidēs, Giōrgos; Géczy, Christopher - 2002
Persistent link: https://www.econbiz.de/10001653861
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Asset Pricing with Heterogeneous Consumers and Limited Participation : Empirical Evidence
Brav, Alon - 1999
The Euler equations of consumption are tested on the household consumption of non-durables and services, reconstructed from the CEX database. The estimated relative risk aversion coefficient of the representative household decreases, and the estimated unexplained mean equity premium decreases,...
Persistent link: https://www.econbiz.de/10012471379
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Asset Pricing with Heterogeneous Consumers and Limited Participation : Empirical Evidence
Brav, Alon - 2002
We present evidence that the equity premium and the premium of value stocks over growth stocks are explained in the 1982 1996 period with a stochastic discount factor (SDF) calculated as the weighted average of individual households' marginal rate of substitution with low and economically...
Persistent link: https://www.econbiz.de/10012469893
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Is the abnormal return following equity issuances anomalous?
Brav, Alon; Géczy, Christopher; Gompers, Paul A. - In: Journal of financial economics 56 (2000) 2, pp. 209-249
Persistent link: https://www.econbiz.de/10001474456
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Asset Pricing with Heterogeneous Consumers and Limited Participation : Empirical Evidence
Brav, Alon - 2012
We present evidence that the equity premium and the premium of value stocks over growth stocks are explained in the 1982 1996 period with a stochastic discount factor (SDF) calculated as the weighted average of individual households' marginal rate of substitution with low and economically...
Persistent link: https://www.econbiz.de/10013102192
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Asset Pricing with Heterogeneous Consumers and Limited Participation : Empirical Evidence
Brav, Alon - 2002
We present evidence that the equity premium and the premium of value stocks over growth stocks are consistent in the 1982-96 period with a stochastic discount factor calculated as the weighted average of individual households' marginal rate of substitution with low and economically plausible...
Persistent link: https://www.econbiz.de/10012787164
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Asset Pricing with Heterogeneous Consumers and Limited Participation : Empirical Evidence
Brav, Alon - 2001
We present evidence that the equity premium and the premium of value stocks over growth stocks are explained in the 1982-1996 period with a stochastic discount factor (SDF) calculated as the weighted average of individual households' marginal rate of substitution with low and economically...
Persistent link: https://www.econbiz.de/10012787574