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Demographic Change and Pharmaceuticals' Stock Returns
Ammann, Manuel - 2013
We analyze how demographic change affected profits and returns across pharmaceutical industries over the last twenty years. Fluctuations in different age group sizes influence the estimated demand changes for age-sensitive drugs, such as antibacterials for young, antidepressants for middle-aged,...
Persistent link: https://www.econbiz.de/10013095805
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Why Do Wealthy Investors have a Higher Return on their Stocks?
Bonaparte, Yosef - 2021
An analysis of the Survey of Consumer Finance shows that wealthy investors have a higher return on their stocks than their poorer counterparts. Three key empirical facts emerge: (i) wealthy investors employ more productive search efforts, (ii) financial risk bearing and search efforts are...
Persistent link: https://www.econbiz.de/10013238155
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Financial returns to household inventory management
Baker, Scott; Johnson, Stephanie; Küng, Lorenz - 2020
Households tend to hold substantial amounts of non-financial assets in the form of inventory. Households can obtain significant financial returns from strategic shopping and optimally managing these inventories of consumer goods. In addition, they choose to maintain liquid savings - household...
Persistent link: https://www.econbiz.de/10012421080
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Financial returns to household inventory management
Baker, Scott; Johnson, Stephanie; Küng, Lorenz - 2020
Households tend to hold substantial amounts of non-financial assets in the form of inventory. Households can obtain significant financial returns from strategic shopping and optimally managing these inventories of consumer goods. In addition, they choose to maintain liquid savings – household...
Persistent link: https://www.econbiz.de/10012271205
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Breaking bad : an investment in cannabis
Weisskopf, Jean-Philippe - In: Finance research letters 33 (2020), pp. 1-7
Persistent link: https://www.econbiz.de/10012430900
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Persistent Heterogeneous Returns and Top End Wealth Inequality
Cao, Dan - 2017
We document in US data that returns to wealth across households are significantly heterogeneous, and persistently so. Motivated by this observation, we build a tractable general equilibrium model where households face persistent idiosyncratic returns to study the US wealth distribution. We show...
Persistent link: https://www.econbiz.de/10012968634
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Endogenous growth, countercyclical dividends, and asset prices
Filep-Mosberger, Palma; Kaszab, Lorant; Ren, Zhou - 2023
We study the nexus between endogenous growth and asset prices. We show that endogenous growth models with either … growth prospects which are reflected in asset prices. In the horizontal innovation model of Kung and Schmid (2015 …
Persistent link: https://www.econbiz.de/10014251243
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Aggregate Corporate Savings, Economic Uncertainty and Future Stock Returns
Lyu, Yuanzhen - 2023
I find both U.S. and international evidence that aggregate corporate cash savings strongly negatively predict future excess market returns. In the U.S. stock market, market timing based on aggregate cash savings yields annual returns 2.55% higher than an all-equity-all-the-time strategy. The...
Persistent link: https://www.econbiz.de/10014349808
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The effects of the COVID-19 pandemic on stock market performance in Africa
Raifu, Isiaka Akande; Kumeka, Terver Theophilus - In: Journal of business and economic analysis : (JBEA) 6 (2023) 1, pp. 109-136
The aim of this research is to examine how the daily growth in COVID-19 confirmed cases and deaths in 15 African …, deaths and stock returns in the panel of 15 African nations, which enhances our research and findings. The effects of … confirmed COVID-19 cases and deaths on stock returns are not uniform among countries, according to the results of a time series …
Persistent link: https://www.econbiz.de/10014540618
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The Impact of Stock and Real Estate Returns on the Propensity of Households to Meet the Capital Accumulation Ratio Guideline
Letkiewicz, Jodi - 2014
stock market increased more than housing prices, the percentage of households meeting the 25% capital accumulation ratio … threshold increased from the previous survey year but when housing prices increased more than the stock market, the percentage …
Persistent link: https://www.econbiz.de/10013060490