Browsing by Subject "Stock Returns"

Now showing items 1-4 of 4

    • Essays on A Rational Expectations Model of Dividend Policy and Stock Returns 
      Nam, Changwoo (2011-10-21)
      We propose an asset pricing model in a production economy where cash flows are determined by firms' optimal dividend and investment decisions. Extensive and intensive decision margins in dividend payout are modeled with ...
    • Essays on Intermediary Asset Pricing 
      Shin, Sang-Ook (2019-06-10)
      The dissertation studies intermediary asset pricing, including two chapters. The first chapter examines how heterogeneity in intermediary capital – the equity capital ratio of the largest financial intermediaries in the ...
    • The Time Varying Effect of Monetary Policy Surprise on Stock Returns: Bursting Bubble Beating Forward Guidance 
      Jansen, Dennis W.; Zervou, Anastasia S. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-09-01)
      Generally, stock prices react negatively to unanticipated and restrictive monetary policies. In PERC Working Paper 1505, Jordan Professor of Economics, Dennis W. Jansen, and Anastasia S. Zervou test to what extent surprises ...
    • Tradeoffs for Downside Risk-Averse Decision-Makers and the Self-Protection Decision 
      Liu, Liqun; Denuit, Michel; Eeckhoudt, Louis; Meyer, Jack (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-09-01)
      Agents who are averse to increases in downside risk are defined as being averse to changes that shift a certain amount of risk to a lower income level. For downside risk averse decision makers, there are several tradeoffs ...