production. Along with an increase in valuations, the model can generate a joint decline in investment, productivity, risk …. We propose a theory in which differences in preferences, productivity, and risk exposure generate gains from trade, but … these gains are not fully realized because some large agents internalize their impact on asset prices. In equilibrium, risk …

Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a …

. The relationship between risk and return in the long and short term was explored. Results indicated no significant … relationship between the risk and return of the stock portfolio in the short run, which reflects the complexity of the Chinese … stock market. However, in the long run, the risk and return of the stock portfolios are positively correlated, which means …

, size, value, momentum, cashflow volatility, leverage, investment growth, term risk, and default risk. We empirically test …The risk of infrastructure investments is driven by unique factors that cannot be well described by standard asset … class factor models. We thus create a nine-factor model based on infrastructure-specific risk exposure, i.e., market risk …

In the presence of a risk-free asset the investment opportunity set obtained via the Markowitz portfolio optimization … question of what happens with the investment opportunity set when we change the risk-return characteristics of individual risky …-covariance matrix. We show that the investment opportunity set can alternatively be characterized in terms of the vector of Sharpe …

This paper investigates the link between economic state and investment levels in an economy within the premise of a … to establish a similar relationship between economic state and aggregate and sector-based venture capital investment … suffer, because of a change in the evolving economic state and effects of such a change on the investment levels in an …

special cases include equal-weighted, minimum variance, and risk parity portfolios …

Tobin's q and the investment-capital ratio to be countercyclical. We also nd that the heterogeneity in risk aversion and …We present a production-based model in which agents have heterogeneous risk aversion and heterogeneous discount rates …. When the less risk-averse agent is more impatient, the two types of agents can coexist for a long time. The heterogeneity …

The beta space is a powerful way to map the investment strategies of semi-diversified investors. Three metrics define … innovation hazards; and a combination of the two — the total betas (t-βs). The beta space is the first to endow unsystematic risk …

The level of firm investment, along with firm profitability, has been shown to be empirically powerful asset pricing … French (2014a), both rely on factors capturing the interrelationship of firm investment and profitability. The models … explanatory power when compared to firm size and investment. We interpret these results as evidence that the investment …