In the compound Poisson insurance risk model under a dividend barrier strategy, this paper aims to analyze jointly the … discounted dividend payments until ruin and (iii) the time of ruin are presented along with some interpretations. …

Tests of the dividend discount model (DDM) applied to housing have studied the trade-off between the capitalization … studies of a cross section of cities in the U.S. But, when the BLS Rent Index is used to measure CAP rates and risk, the …

considerations imply a decomposition of squared market returns (coskewness risk). Our model accounts for 68% of the return variation …. Further, our findings highlight the importance of covariation risk, that is, the risk of simultaneous unfavorable shocks to … cash flows and discount rates, in understanding equity risk premia …

tradeoff between market and reinvestment risk explains this pattern. Intuitively, while long-term dividend claims are highly … exposed to market risk, they are also good hedges for reinvestment risk because dividend prices rise as expected returns … long maturities, inducing relatively low risk premia on long-term dividend claims. The model is also consistent with the …