TABLE OF CONTENTS -- INTRODUCTION -- ACKNOWLEDGEMENTS -- CHAPTER I-BONDS AND THE DOLLAR -- THE DOLLAR -- OTHER MEASURES ARE FIXED -- IMPORTANT TO INVESTORS -- BANKS AND INSURANCE COMPANIES -- CHAPTER II-BONDS AND COMMON STOCKS -- NATURE OF SECURITY -- SAFE BONDS IMPLY SAFE STOCKS -- WHERE DOES...

We study firm-level characteristics that a manager would employ as signalling tools in order to time the market (i.e. repurchases and issues). Following the market timing framework, we develop a two-factor asset pricing model comprising a “market” and a “mispricing” factor, which is able...