The first essay presents new empirical findings which are inconsistent with prominent theories on the investment premium. The investment premium is the positive stock return difierential between firms with low and high asset growth. Asset growth is the annual percentage change in total assets and is typically interpreted as the firm's investments.
In this essay, I analyze the nature of imperfect competition among informed traders who continuously generate and exploit private information about a risky asset's liquidation value which follows either a mean reverting process or random walk.
Welcome to this first edition of Essays on Equality, a new publication from the Global Institute for Women’s Leadership. Written by GIWL researchers, members of our Advisory Council and leading researchers and campaigners, this essay collection provides research-informed reflections on the fight for women’s equality.
Essay on Capital Asset Pricing Model 913 Words 4 Pages James D. Lowe Trident University International FIN301 - Principles of Finance Module 3 Case Assignment Assignment: 1. For each of the scenarios below, explain whether or not it represents a diversifiable or an undiversifiable risk.
These assets attract a provisioning, the money that a bank should set aside to cover potential losses, of 15%. If an asset remains in the sub-standard category for 12 months, it would be considered a doubtful asset with 25-100% provisioning. When an asset is identified uncollectable then it is a loss asset which calls for 100% provisioning.
Preserving Of Digital Assets Media Essay. The information age society shows slow but steady progress on recognizing the importance of preserving our heritage and protects our information and knowledge repositories. However, with the rapid technology development, the human communities and the society in whole need to keep this heritage.
Three Essays on Asset Pricing. An, Byeongje. The first essay examines the joint determination of the contract for a private equity (PE) fund manager and the equilibrium risk premium of the PE fund. My model relies on two realistic features of PE funds. First, I model agency frictions between PE fund's investors and manager.
This thesis contains three essays on asset pricing. The first chapter examines how introducing an options market affects the liquidity and expected returns of underlying assets when the economy features asymmetric information. I show that introducing derivatives can have opposite effects on underlying asset prices: doing so increases (resp., reduces) prices when the market has relatively more.