exists differ substantially. This article compares risk and returns for regular and lump-sum investors for all possible … risk of negative returns disappears for horizons that are six years shorter. Increasing contributions deteriorate risk and …

and inflation, but fewer know about risk diversification. We provide evidence of a statistically significant positive …

yield better risk-adjusted returns to the broad equity markets, broad bond markets, and broad returns of hedge funds. In … fact, the portfolios we analyzed delivered significantly higher risk adjusted returns across multiple market cycles …

I find that the index of geopolitical risk (GPR) is significantly associated with both the extensive and intensive …

Investment in the financial markets is guided by the trade-off between expected returns and risk appetite of the … investor. Higher risks could possibly result in higher expected return on the upside risk but the possibility of massive … downside risk of loss must never escape the investor. The dynamic market condition should shape an investor's macro …

income risk and/or borrowing constraints, limited stock market participation, heterogeneous labor income volatilities, and …

This paper reexamines the relation between various downside risk measures and future equity returns in a global context … that spans 26 developed markets. We find that there is no significantly positive relation between systematic downside risk … and the cross-section of equity returns, and in fact, this relation is mostly negative. Moreover, stock-specific risk …

We introduce a new meaure of risk appetite in financial markets, based on the cross sectional behavior of excess … returns. Turning them into probabilities through a Markov Switching model, we define one global risk appetite measure as the … cross-sectional average of the individual probabilities for each asset to be in a "risk appetite" regime. Given the …