Though the sign and magnitude of the net impact of these changes is uncertain, they dramatically impact costs of equity for 30 industry portfolios under both the CAPM and Fama-French 3-Factor model. The choice of market portfolio proxy is as important as the choice of pricing model when ...
This study investigates whether the composition of the market portfolio leads to different inferences on real estate performance. As a point of departure, this paper first explores whether the omission of assets in a market proxy leads to a biased measurement of investment performance. The study fin...
However, using equity indices as market proxy leaves part of the market risk to remain diversi able as the market portfolio becomes more com- plete that incorporates various assets besides equity. A natural question that follows is will using a more diversi ed market proxy matter for the ...
Recent years have seen a dramatic shift in the composition of capital flows to the emerging-market economies. 近年来,向新兴市场经济体的资本流动的构成发生了显著的变化。 www.ecocn.org 3. Organic composition of capital and surplus value rate are closely related to real wage, technical changes, non...
4 For these firms, greater STI holdings are negatively associated with the market value of cash reserves. Further, firms with larger total cash reserves, which are arguably less constrained, are more likely to hold STI and invest a greater fraction of their cash reserves in STI. Also, smaller...
Objectives were to investigate the effects of prolonged gestational and/or postnatal heat stress on performance and carcass composition of market weight pigs. Pregnant gilts were exposed to gestational heat stress (GHS, 28°C to 34°C, diurnal) or thermal neutral (18°C to 22°C, diurnal) con...
children may be a source of emotional satisfaction, and above a certain age they may exert control on parents’ behaviour and provide care and assistance, which may reduce mortality. On the other hand, parenthood may also lead to stress because of economic worries or concerns about the children...
This paper investigates to what extent variation in the distribution across occupational categories in the labour market affects women's demographic behavi... M García,Teresa - 《European Societies》 被引量: 44发表: 2010年 Rural and Small Town America. The Population of the United States in the...
Body Composition Analyzers Market expanding to $618.71 million by 2030, this report consists of trends & growth factors along with key players
Using a gravity model extended with a variable for the commodity composition of trade, it is shown that Poland and Hungary have not been able to convert their export possibilities into actual exports to the extent long-standing market ... CV Beers,G Biessen - 《Comparative Economic Studies》 ...