The impact of uninsurable risk on asset prices and optimal dividend policy
This thesis examines whether two well documented financial market anomalies - the "Mehra & Prescott puzzles" and the dividend controversy - can be resolved by allowing for the effects of uninsurable risks. The dissertation contains an extensive review of the theory of consumption based...
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University of Warwick
1997
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.390037 |