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dividend forecasts from equity research analysts to construct a model-free measure of short-term equity risk premia. I provide … the first description of the cross-section of risk premia on short-maturity dividend claims. My data on risk premia for … asset pricing across firms compared to standard equity returns, which mixes risk premia for cash flows at infinitely many …
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, and investment measures. We also document similar effects for aggregate equity issuance. Consistent with theory, we find …
Persistent link: https://www.econbiz.de/10014350126
that pseudo R-squared and confidence improve under the dividend policy when controlling for risk and dividend payers. We …. The findings of this study imply that the dividend policy of mature Indonesian firms supports the life-cycle theory and is … inconsistent with the catering theory. …
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The risk of investment in schooling has largely been ignored. We assess thevariance in the rate of return by surveying … skewed. Our best guess of ex ante risk in university education is a coefficient ofvariation of about 0.3, comparable to that …
Persistent link: https://www.econbiz.de/10011335192
entrepreneurial and labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect … detrimental effect on entrepreneurial risk-taking. …
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This paper looks at the joint impact of labour market risk and selection in to the labour market on returns to … education. Accounting for non-employment risk leads to substantial changes in returns while wage risk has little impact. The … risk- adjusted returns to both high school and college for males are larger than unadjusted returns. For females, risk …
Persistent link: https://www.econbiz.de/10012022693