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Chinloy, Peter; Imes, Matthew - 2024

Persistent link: https://www.econbiz.de/10015047564

The rent term premium for cancellable leases

Yoshida, Jiro; Seko, Miki; Sumita, Kazuto - In: The journal of real estate finance and economics 52 (2016) 4, pp. 480-511

Persistent link: https://www.econbiz.de/10011717655

Contingent convertible lease modeling and credit risk management

Triki, Ons; Abid, Fathi - In: Financial innovation : FIN 8 (2022), pp. 1-29

and compensate for the lessor's position. A leasing defaultable contract allows the lessor to obtain the rent that will be … recovered if the lessee defaults. A leasing convertible contract can be automatically converted into shares when certain default …'s value and leasing payments. A Defaultable-Convertible-Leasing contract with a payback option grants the lessor the right but …

Persistent link: https://www.econbiz.de/10013413113

COVID-19 and the Economy : summary of research and future directions

Iyer, Subramanian Rama; Simkins, Betty J. - In: Finance research letters 47 (2022) 2, pp. 1-15

Persistent link: https://www.econbiz.de/10013553907

The remarkable growth in financial economics, 1974-2020

Schwert, George William - In: Journal of financial economics 140 (2021) 3, pp. 1008-1046

Persistent link: https://www.econbiz.de/10013259614

High-speed railway and urban construction investment bond yield spreads : a quasi-natural experiment

Chen, Juan; Guo, Hongling; Zuoping, Xiao - In: Review of accounting & finance 22 (2023) 2, pp. 227-248

Persistent link: https://www.econbiz.de/10014302209

The determinants of sovereign risk premiums in the UK and the European government bond market: the impact of Brexit

Kadiric, Samir - In: International Economics and Economic Policy 19 (2022) 2, pp. 267-298

This paper analyzes recent developments in the British and European government bond markets with reference to the UK's decision to leave the European Union. The two main goals of the study are, firstly, to examine whether the Brexit referendum result has affected the risk premium and, secondly,...

Persistent link: https://www.econbiz.de/10015209752

A Bayesian stochastic discount factor for the cross-section of individual equity options

Käfer, Niclas; Mörke, Mathis; Weigert, Florian; … - 2025

We utilize Bayesian model averaging to estimate a stochastic discount factor (SDF) for single-stock options. A Bayesian model averaging SDF outperforms reduced-form benchmark models in-sample and out-of-sample in pricing option return anomalies and portfolios. We document that the SDF is dense...

Persistent link: https://www.econbiz.de/10015209790

Expectation-driven term structure of equity and bond yields

Zeng, Ming; Zhao, Guihai - 2022

Recent findings on the term structure of equity and bond yields pose serious challenges to existing models of equilibrium asset pricing. This paper presents a new equilibrium model of subjective expectations to explain the joint historical dynamics of equity and bond yields (and their yield...

Persistent link: https://www.econbiz.de/10013396504

Financial intermediaries and the macroeconomy: Evidence from a high-frequency identification

Ottonello, Pablo; Song, Wenting - 2022

We provide empirical evidence of the causal effects of changes in financial intermediaries' net worth on the aggregate economy. Our strategy identifies financial shocks as high-frequency changes in the market value of intermediaries' net worth in a narrow window around their earnings...

Persistent link: https://www.econbiz.de/10013396507