and benefited from a wide media coverage. It provides a rare opportunity to analyze the consequences of a shift in risk … perception on housing markets and neighborhoods subject to industrial risk. Using a difference-in-difference matching strategy … affected. In particular, the vacancy rate increases, and the standard of living in the at-risk areas tends to deteriorate. …

lenders' exposure to high-growth markets is associated with more risk, more efficiency, and more return on mortgage portfolios … nonlocal lenders, which may reflect a risk-return tradeoff in their portfolio strategy …

This paper examines return predictability when the investor is uncertain about the right state variables. A novel … among the most prominent predictive variables, whereas valuation ratios perform rather poorly. Yet, predictability of market … of in-sample and out-of-sample predictability across different stock markets. Overall, these findings suggests that …