Pengaruh Current Ratio, Return On Asset, Debt To Asset terhadap Financial Distress Selama Masa Pandemi

Debt/Equity Ratio and Asset Pricing Analysis

Debt/Equity Ratios and Asset Pricing Analysis

Governments Debt and Asset Management and Financial Crises : Sellers Beware

Debt Financing in Asset Markets

The widely used short-term debt such as overnight repos and commercial paper is regarded as one of the main sources of instability leading to the distress of many …nancial institutions during the …nancial crisis of 2007-2008. What explains the popularity of shortterm debt in …nancing asset market investments? Geanakoplos (2010) presents a dynamic model of the joint equilibrium of asset markets ...

Asset Return Dynamics and Learning

This paper advocates a theory of expectation formation that incorporates many of the central motivations of behavioral finance theory while retaining much of the discipline of the rational expectations approach. We provide a framework in which agents, in an asset pricing model, underparameterize their forecasting model in a spirit similar to Hong, Stein, and Yu (2005) and Barberis, Shleifer, an...

Asset Pricing with Return Extrapolation∗

We develop a representative agent general equilibrium model with return extrapolation and recursive preferences. Our model is the first return extrapolation model that can be taken to the data in a serious way; it allows for detailed model calibration and direct comparisons with the leading rational expectations models of the stock market. The model matches investors’ extrapolative expectations...