Cargando…
Real Estate Risk in Equity Returns Empirical Evidence from U.S. Stock Markets /
"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 highlight...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Wiesbaden :
Gabler Verlag : Imprint: Gabler Verlag,
2009.
|
| Edición: | 1st ed. 2009. |
| Colección: | ebs-Forschung, Schriftenreihe der EUROPEAN BUSINESS SCHOOL Schloß Reichartshausen ;
72 |
| Temas: | |
| Acceso en línea: | Texto Completo |
MARC
| LEADER | 00000nam a22000005i 4500 | ||
|---|---|---|---|
| 001 | 978-3-8349-9496-7 | ||
| 003 | DE-He213 | ||
| 005 | 20220113083741.0 | ||
| 007 | cr nn 008mamaa | ||
| 008 | 100301s2009 gw | s |||| 0|eng d | ||
| 020 | |a 9783834994967 |9 978-3-8349-9496-7 | ||
| 024 | 7 | |a 10.1007/978-3-8349-9496-7 |2 doi | |
| 050 | 4 | |a HJ9-9940 | |
| 072 | 7 | |a KNV |2 bicssc | |
| 072 | 7 | |a BUS051000 |2 bisacsh | |
| 072 | 7 | |a KNV |2 thema | |
| 082 | 0 | 4 | |a 336 |2 23 |
| 100 | 1 | |a Michel, Gaston. |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
| 245 | 1 | 0 | |a Real Estate Risk in Equity Returns |h [electronic resource] : |b Empirical Evidence from U.S. Stock Markets / |c by Gaston Michel. |
| 250 | |a 1st ed. 2009. | ||
| 264 | 1 | |a Wiesbaden : |b Gabler Verlag : |b Imprint: Gabler Verlag, |c 2009. | |
| 300 | |a XX, 167 p. 9 illus. |b online resource. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 347 | |a text file |b PDF |2 rda | ||
| 490 | 1 | |a ebs-Forschung, Schriftenreihe der EUROPEAN BUSINESS SCHOOL Schloß Reichartshausen ; |v 72 | |
| 505 | 0 | |a Literature Review -- Estimation Methodology -- Data -- Empirical Analysis -- Conclusion. | |
| 520 | |a "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. | ||
| 650 | 0 | |a Finance, Public. | |
| 650 | 0 | |a Finance. | |
| 650 | 1 | 4 | |a Public Economics. |
| 650 | 2 | 4 | |a Financial Economics. |
| 710 | 2 | |a SpringerLink (Online service) | |
| 773 | 0 | |t Springer Nature eBook | |
| 776 | 0 | 8 | |i Printed edition: |z 9783834917690 |
| 830 | 0 | |a ebs-Forschung, Schriftenreihe der EUROPEAN BUSINESS SCHOOL Schloß Reichartshausen ; |v 72 | |
| 856 | 4 | 0 | |u https://doi.uam.elogim.com/10.1007/978-3-8349-9496-7 |z Texto Completo |
| 912 | |a ZDB-2-SBE | ||
| 912 | |a ZDB-2-SXEF | ||
| 950 | |a Business and Economics (SpringerNature-11643) | ||
| 950 | |a Economics and Finance (R0) (SpringerNature-43720) | ||