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 …

more so, multi-asset multi-factors significantly expand the investment opportunity set relative to a traditional multi …-asset universe. Seeking to exploit this potential, we put forward an innovative diversified risk parity strategy that is designed to …

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 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 …

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 …