haku: @author Daniel, K. D. / yhteensä: 1
viite: 1 / 1
« edellinen | seuraava »
| Tekijä: | Daniel, K. D. Hirshleifer, D. Subrahmanyam, A. |
| Otsikko: | Overconfidence, arbitrage, and equilibrium asset pricing |
| Lehti: | Journal of Finance
2001 : JUN, VOL. 56:3, p. 921-965 |
| Asiasana: | Asset valuation Financial models Stock markets Financial risk |
| Kieli: | eng |
| Tiivistelmä: | This paper offers a model in which asset prices reflect both coveriance risk and misperceptions of firms' prospects, and in which rbitrageus trade against mispricing. Expected returns are linearly related to both risk and mispricing measures /e.g., fundamental/price ratios). |
« edellinen | seuraava »
SCIMA