Beginning with comprehensive introduction and overview, Expected Returns goes on to analyze the historical record, give a roadmap of terminology, explore rational and behavioral theories, and look at alternative interpretations for return predictability. A series of case studies provide detailed...

Modeling expected cross-sectional stock returns has a long tradition in asset pricing. My dissertation is motivated by shortcomings of the prevailing and classically used portfolio sorting approach. Consequently, this thesis tackles the task with alternative methodologies. It comprises classical...

This paper analyzes the effect of environmental regulation on stock returns (as a measure of economic performance) for German energy corporations. By using event study methodology, we consider the last minute victory of the acting government in the 2002 German federal elections to the Lower...