We study the effects of ambiguity aversion to diffusion risk and jump risk on asset prices in a production-based asset pricing model and find that ambiguity aversion to jump risk can resolve equity premium puzzle and risk-free rate puzzle.doi:10.1016/j.econlet.2019.108555Yuanping WangCongming MuEconomics LettersEconomics Letters ...
Equity is: Equity = Assets - Liabilities Owner's Equity, Stockholders Equity, and Shareholders...
There are several types of equity accounts that combine to make up totalshareholders’ equity. These accounts include common stock, preferred stock, contributed surplus, additional paid-in capital, retained earnings, other comprehensive earnings, and treasury stock. Equity is the amount funded by the ...
[英 [ɪkˈspleɪn] 美 [ɪkˈsplen] ] explain的意思、解释 过去式:explained; 过去分词:explained; 现在分词:explaining; explain 基本解释 explain 及物/不及物动词讲解,解释 及物动词说明…的原因,辩解 不及物动词说明,解释,辩解 explain是什么意思 ...
在完美市场假设下,资本结构不影响公司总价值,股东可通过自制杠杆抵消公司杠杆变化的影响,因此资本结构对股权投资者无关。 1. 根据Modigliani-Miller定理(无税版),在无交易成本、无税收、信息对称等完美市场条件下: - 企业价值仅由资产产生的现金流决定 - 公司总价值不受债务与股权比例影响2. 股权投资者可通过"自制...
Answer to: Explain the difference between internal (in)equity and employee (in)equity. By signing up, you'll get thousands of step-by-step...
Arguments to explain why most equity issues are underwritten versus sold through a rights offering are:A、 underwriters buy at an agreed upon price and bear some risk of selling the iss、ueB、 cash proceeds are available sooner in underwriting and the issue is available to a wider market、C、...
is broadly defined as the risk-weighted projected return required by investors, where the return is largely unknown. The cost of equity is therefore inferred by comparing the investment to other investments (comparable) with similar risk profiles to determine the "market" cost of equity...
. D. M., J. M., and G. T. have equity positions in Munich Biotechnology. H. H.'s present address: Department of Anatomy, Niigata University School of Medicine, Asahimachi-dori 1, Niigata 951-8510, Japan.View Abstract Copyright © 2000 American Society for Investigative Pathology. ...
Particularly, the main objective of this paper is to test whether overconfidence bias can explain excessive volatility witnessed during global financial crisis in developed and emerging equity markets. Empirical results of EGARCH estimated models show an asymmetric effect of volatility for all equity ...