![NBER WORKING PAPER SERIES THE DECLINING EQUITY PREMIUM: Martin Lettau](http://s1.studyres.com/store/data/008532772_1-4396a65ff257726baa09ea54c4a834cf-300x300.png)
NBER WORKING PAPER SERIES THE DECLINING EQUITY PREMIUM: Martin Lettau
... data provide any basis for the hypothesis (Siegel (1999); Jagannathan, McGrattan, and Scherbina (2000); Fama and French (2002); Campbell and Shiller (2003)). Other hypotheses include behavioral stories of “irrational exuberance” (Shiller (2000)), higher intangible investment in the 1990s (Hall (2000 ...
... data provide any basis for the hypothesis (Siegel (1999); Jagannathan, McGrattan, and Scherbina (2000); Fama and French (2002); Campbell and Shiller (2003)). Other hypotheses include behavioral stories of “irrational exuberance” (Shiller (2000)), higher intangible investment in the 1990s (Hall (2000 ...
NBER WORKING PAPER SERIES BUBBLY LIQUIDITY Emmanuel Farhi Jean Tirole
... Typically, bubbles do not lead to Pareto improvements. For example, the holders of outside liquidity in general lose from the emergence of a bubble, since it increases interest rates and lowers the price at which ...
... Typically, bubbles do not lead to Pareto improvements. For example, the holders of outside liquidity in general lose from the emergence of a bubble, since it increases interest rates and lowers the price at which ...
Corruption`s Impact on Liquidity, Investment
... compete for lucrative international business opportunities. As Cheung, Rau, and Stouraitis (2011) show, the payoff to corrupt behavior can be quite tempting since they estimate that the average return is 10-11 times the original bribe amount for 166 high profile cases in 20 countries. In contrast to ...
... compete for lucrative international business opportunities. As Cheung, Rau, and Stouraitis (2011) show, the payoff to corrupt behavior can be quite tempting since they estimate that the average return is 10-11 times the original bribe amount for 166 high profile cases in 20 countries. In contrast to ...
Close Strategic Alpha Prospectus - Close Brothers Asset Management
... notifiable changes which are in the process of being implemented or which have already been implemented may not be disclosed in the current prospectus. The ACD of the Fund is the person responsible for the information contained in this Prospectus and accepts responsibility accordingly. It has taken ...
... notifiable changes which are in the process of being implemented or which have already been implemented may not be disclosed in the current prospectus. The ACD of the Fund is the person responsible for the information contained in this Prospectus and accepts responsibility accordingly. It has taken ...
ABM INDUSTRIES INC /DE/ (Form: 10
... large-scale contracts tend to be more competitively priced than small or standalone agreements. The majority of the Company’s Janitorial contracts are for one to three year periods and contain automatic renewal clauses, but are subject to termination by either party after 30 to 90 days’ written noti ...
... large-scale contracts tend to be more competitively priced than small or standalone agreements. The majority of the Company’s Janitorial contracts are for one to three year periods and contain automatic renewal clauses, but are subject to termination by either party after 30 to 90 days’ written noti ...
SCHULMAN A INC (Form: 8-K, Received: 04/27/2015 16:28:20)
... the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and relate to future events and expectations. Forward-looking statements contain such words as “anticipate,” “es ...
... the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and relate to future events and expectations. Forward-looking statements contain such words as “anticipate,” “es ...
True/False Questions
... A) Long term spot rates are higher than the average of current and expected future short term rates. B) Investors prefer certain maturities and will not normally switch out of those maturities. C) Investors are indifferent between different maturities if the long term spot rates are equal to the ave ...
... A) Long term spot rates are higher than the average of current and expected future short term rates. B) Investors prefer certain maturities and will not normally switch out of those maturities. C) Investors are indifferent between different maturities if the long term spot rates are equal to the ave ...
Reporting Guidance for All Loan-Backed and Structured Finance
... From correspondence with the representatives of the ACLI and NAIC staff for the VOSTF, the intent was for investments with only one obligor to be captured within scope of SSAP No. 26. As such, the reference for “more-than-one” has been proposed to replace the term “multiple” in the suggested definit ...
... From correspondence with the representatives of the ACLI and NAIC staff for the VOSTF, the intent was for investments with only one obligor to be captured within scope of SSAP No. 26. As such, the reference for “more-than-one” has been proposed to replace the term “multiple” in the suggested definit ...
GERMAN AMERICAN BANCORP, INC. (Form: 10-K
... FDIC and DFI, respectively. Failure to meet minimum capital requirements could result in certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have an adverse material effect on our financial statements. Under capital adequacy guidelines and the reg ...
... FDIC and DFI, respectively. Failure to meet minimum capital requirements could result in certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have an adverse material effect on our financial statements. Under capital adequacy guidelines and the reg ...
united states securities and exchange commission - corporate
... Federal-Mogul Corporation (the “Company”) is a leading global supplier of technology and innovation in vehicle and industrial products for fuel economy, alternative energies, environment and safety systems. The Company serves the world’s foremost original equipment manufacturers (“OEM”) of automotiv ...
... Federal-Mogul Corporation (the “Company”) is a leading global supplier of technology and innovation in vehicle and industrial products for fuel economy, alternative energies, environment and safety systems. The Company serves the world’s foremost original equipment manufacturers (“OEM”) of automotiv ...
Private Equity Institutional Investor Trends for
... local funds and strategies when building out their core portfolio, and then extend their portfolios geographically as they gain knowledge and experience, and seek greater diversification. Charts IX and X, respectively, provide a look at the private equity world through the eyes of European and Asian ...
... local funds and strategies when building out their core portfolio, and then extend their portfolios geographically as they gain knowledge and experience, and seek greater diversification. Charts IX and X, respectively, provide a look at the private equity world through the eyes of European and Asian ...
Listing on the FTSE-100: Does it matter?
... We first examine the long-term benefit to a stock of being included in the FTSE 100 Index. It is possible that increased investor interest, either as a result of index tracking or increased publicity, has a positive impact on the long-run stock returns of firms included in the index. Similarly, we m ...
... We first examine the long-term benefit to a stock of being included in the FTSE 100 Index. It is possible that increased investor interest, either as a result of index tracking or increased publicity, has a positive impact on the long-run stock returns of firms included in the index. Similarly, we m ...
The Impacts of Risk Reduction Strategy on Customer
... the revenue-acquirement; but other customers might focus on risk-avoidance, since they only require principle-guarantee. Such proposition is correspondent to Sirdeshmukh, Singh, and Sabol’s (2002) argument, which divides two sources contributing to customer perceived value, one is providing customer ...
... the revenue-acquirement; but other customers might focus on risk-avoidance, since they only require principle-guarantee. Such proposition is correspondent to Sirdeshmukh, Singh, and Sabol’s (2002) argument, which divides two sources contributing to customer perceived value, one is providing customer ...
Backus - NYU Stern School of Business
... liberate them, so he created the "Jueces sin rostro" that finally tried them, now almost 98% of the guerrilla is in jail with their comanders.4 The public largely supported this action as they were frustrated with how inefficient and corrupt politicians had become. Immediately after dissolving the ...
... liberate them, so he created the "Jueces sin rostro" that finally tried them, now almost 98% of the guerrilla is in jail with their comanders.4 The public largely supported this action as they were frustrated with how inefficient and corrupt politicians had become. Immediately after dissolving the ...