opportunistic behaviours by intermediaries. New regulations are targeted to improve risk-based transparency standards and set … addressed deals with the effectiveness of a risk based transparency regulation. -- illiquid financial instruments ; Otc markets …

investors' effective risk aversion. Using this utility function, we extend the "no good deals" methodology of Cochrane and Saá … some numerical examples. -- asset pricing theory ; good-deal bounds ; Knightian uncertainty ; model uncertainty …

Recent studies find that idiosyncratic risk (IR) has increased since the 1960's and attribute this to economy wide …&D intensity and the volatility of its returns. -- Idiosyncratic Risk ; Volatility ; Technological Change ; Industry Life Cycle …

REITs' idiosyncratic risk and their cross-sectional expected returns between 1981 and 2010. In addition to the full sample … models. Overall, we document a negative relation between idiosyncratic risk and cross-sectional expected returns and …

estimate "macro risk factors" that drive "bad" (negatively skewed) and "good" (positively skewed) variation for supply and … significantly contribute to the variation yields, risk premiums and return variances for nominal bonds. While overall bond risk … premiums are counter-cyclical, an increase in demand variance lowers risk premiums …

excess return and growth of economic activity are positively related to the risk-neutral expectation, one of the term spread …