Showing 1 - 10 of 4,371
This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices and macroeconomic outcomes? Second, what is the empirical evidence supporting these...
Persistent link: https://www.econbiz.de/10011761064
) stock market valuation ratios have increased only moderately; (3) investment has been lackluster. We use a simple extension …
Persistent link: https://www.econbiz.de/10012030362
Persistent link: https://www.econbiz.de/10012221560
We build a model of investment and financing decisions to study the choice between bonds and bank loans in a firm …'s marginal financing decision and its effects on corporate investment. We show that firms with more growth options, higher … investment. We test these predictions using a sample of U.S. firms and present new evidence that supports our theory …
Persistent link: https://www.econbiz.de/10010258730
Persistent link: https://www.econbiz.de/10012422509
Ethical investments have become increasingly popular over the past years. Ethical funds restrict their investment based …
Persistent link: https://www.econbiz.de/10010322203
This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices and macroeconomic outcomes? Second, what is the empirical evidence supporting these...
Persistent link: https://www.econbiz.de/10012060200
Prominent financial stock pricing models are built on assumption that asset returns follow a normal (Gaussian) distribution. However, many authors argue that in the practice stock returns are often characterized by skewness and kurtosis, so we test the existence of the Gaussian distribution of...
Persistent link: https://www.econbiz.de/10011533273
Prominent financial stock pricing models are built on assumption that asset returns follow a normal (Gaussian) distribution. However, many authors argue that in the practice stock returns are often characterized by skewness and kurtosis, so we test the existence of the Gaussian distribution of...
Persistent link: https://www.econbiz.de/10011456336
) stock market valuation ratios have increased only moderately; (3) investment has been lackluster. We use a simple extension …
Persistent link: https://www.econbiz.de/10011932166