We document a strong relation between aggregate corporate investment and direct stock market risk measures. Consistent … with the investment-based asset pricing model, the comovement with the proxies for conditional equity premium fully … accounts for aggregate investment's predictive power for future stock market returns. Similarly, conditional equity premium is …

This paper investigates how R&D investment intensity can infuse information asymmetry about the growth prospects and … capitalization between 2008 and 2017, the study finds the evidence of a positive association in between R&D investment intensity and …

We document a strong relation between aggregate corporate investment and direct stock market risk measures. Consistent … with the investment-based asset pricing model, the comovement with the proxies for conditional equity premium fully … accounts for aggregate investment's predictive power for future stock market returns. Similarly, conditional equity premium is …

, book-to-market equity ratio, profitability, and investment, which outperforms the Fama-French Three-Factor Model in their …-French Three-Factor Model, the presence of profitability and investment factors seem not to capture more variations of expected … profitability. Conclusions: Profitability and investment factors do not have much additional explanatory power, and Fama-French Five …