CORPORATE GOVERNANCE AND CAPITAL ASSET PRICING MODELS
نویسندگان
چکیده
منابع مشابه
Capital Mobility and Asset Pricing
We present a model for the equilibrium movement of capital between markets. Markets with symmetrically distributed risks are distinguished only by the levels of capital invested in each. That market with the greater amount of capital earns lower conditional mean returns. Intermediaries optimally trade off the costs of intermediation against fees that depend on the gain they can offer to investo...
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متن کاملSupplement to “ Capital Mobility and Asset Pricing ”
We illustrate the model with an example motivated by catastrophe insurance contracts. In a particular market, at each of the event times of a Poisson process J with a constant intensity η, a catastrophe occurs that causes losses throughout a population of consumers who are potential buyers of protection. Each of a continuum of consumers in the given insurance market has a property that experien...
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Article history: Received 1 June 2013 Received in revised form 11 March 2015 Accepted 12 March 2015 Available online 21 March 2015 JEL classification: F21 F41 G15
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ژورنال
عنوان ژورنال: RAM. Revista de Administração Mackenzie
سال: 2020
ISSN: 1678-6971
DOI: 10.1590/1678-6971/eramf200010