Searched for: "commonality in disagreement and asset pricing"
About 4 results for "commonality in disagreement and asset pricing"
There is widespread disagreement about the role of housing wealth in explaining consumption. Much of the empirical literature is marred by poor controls for the common drivers both...
Using a structural credit risk model with heterogeneous beliefs, this paper derives testable implications for the role of common and firm specific components of economic uncertaint...
There is good evidence that the more investors' opinions diverge, the stronger the stock price drifts. Since prices are themselves sources of information about what others believe,...
The firm that arranged a $50 million investment in the SCO Group but then sought to get its money back settles its disagreement with the Unix company.