Economic Activity of Firms and Asset Prices
In this review we survey the recent research on the fundamental determinants of stock returns. These studies explore how firms' systematic risk and their investment and production decisions are jointly determined in equilibrium. Models with production provide insights into several types of empi...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Annual Reviews,
2012-12-05T19:30:22Z.
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| Subjects: | |
| Online Access: | Get fulltext |