عنوان

Real estate risk in equity returns :

شابک

3834994960

شابک

9783834994967

شابک اشتباه

3834917699

شابک اشتباه

9783834917690

شماره

b796655

عنوان اصلي

Real estate risk in equity returns :

نام عام مواد

[Book]

ساير اطلاعات عنواني

empirical evidence from U.S. stock markets /

نام نخستين پديدآور

Gaston Michel ; with a foreword by Lutz Johanning.

وضعيت ويراست

1st ed.

محل نشرو پخش و غیره

Wiesbaden :

نام ناشر، پخش کننده و غيره

Gabler Edition Wissenschaft,

تاریخ نشرو بخش و غیره

©2009.

نام خاص و کميت اثر

1 online resource (xx, 167 pages) :

ساير جزييات

illustrations

عنوان فروست

EBS-Forschung ;

عنوان فروست

Gabler Edition Wissenschaft

مشخصه جلد

Bd. 72

متن يادداشت

Includes bibliographical references.

متن يادداشت

Literature Review -- Estimation Methodology -- Data -- Empirical Analysis -- Conclusion.

بدون عنوان

0

متن يادداشت

The central task of financial economics is to figure out what are the real risks that drive asset prices and expected returns." (John Cochrane in Asset Pricing, 2001). The ongoing debate in the financial economics literature between rational and irrational asset pricing theories highlights the importance of this task. Gaston Michel aims at supporting the rational asset pricing story: higher asset returns must be associated with lower prices and higher risk exposure. In particular, he investigates whether shocks to real estate markets constitute an important source of the risk that is priced in the cross section of equity returns. His results document that real estate risk explains a large part of the cross-sectional variation in equity returns and captures most of the information in the prominent Fama and French (1993) size and book-to-market factors. In fact, he shows that an alternative model that which includes the real estate factor performs as well as or better than the Fama-French model in pricing equity returns.

عنوان

Real estate risk in equity returns.

شماره استاندارد بين المللي کتاب و موسيقي

9783834917690

موضوع مستند نشده

Investments-- Mathematical models.

موضوع مستند نشده

Affaires.

موضوع مستند نشده

Economie de l'entreprise.

موضوع مستند نشده

Investments-- Mathematical models.

موضوع مستند نشده

Science économique.

موضوع مستند نشده

BUS051000

موضوع مستند نشده

KFFD

شماره

ويراست

شماره رده

نشانه اثر

مستند نام اشخاص تاييد نشده

Michel, Gaston.

تاريخ عمليات

20201207093010.0

قواعد فهرست نويسي ( بخش توصيفي )

pn

نام الکترونيکي

نوع ماده

[Book]

تكميل شده

Y