brand equity grounded in economic theory. Using the Euler equations from the firm's maximization problem I derive closed …

growthopportunities to firm value, which affects firms' exposures to capital-embodied productivityshocks and risk premia. We thus provide …

arises in economic downturns because of the risk-enhancing investment/financing behavior of firms with a net worth below the …-to-market equity can identify those with large exposure to aggregate risk, and therefore dominates book leverage as a proxy for equity … risk. The numerical analysis of the book-to-market equity effect and financial leverage effect (market or book) on the …

Risk premium plays an important role in stock investing. Experiments have shown that value stocks typically have a … stocks have a higher average return than growth stocks due to the higher overall risk. Furthermore, this study combined the … Support Vector Regression (SVR) algorithm with the risk premium theoretical framework for the forecasting model; consequently …

theory, empirical tests of the rare disaster explanation are scarce. We estimate a disaster-including consumption-based asset …

and idiosyncratic risk yields better than Fama and French's (J Financ Econ 33:3-56, 1993) three-factor model and … is a high importance for idiosyncratic volatility risk factor while considering investment decision in Colombo stock … exchange. Hence, investor should compensate for holding such risk factors in the portfolio. …

dividends next period as ambiguous. We calibrate the agent's ambiguity aversion to match only the first moment of the risk …

We examine asset prices in a representative-agent model of general equilibrium. Assuming only that individuals are risk … averse, we determine conditions on the changes in asset risk that are both necessary and sufficient for the asset price to … incomplete in the sense of containing an uninsurable background risk, such as a risk on labor income. We extend our model to show …

-based ex-post measures of macroeconomic risk. Inflation uncertainty is an important driver of bond premia, but the relation …