[PDF] Top 20 Business Cycle and Risk Premium in the Colombian Stock Market

... Through the Hodrick-Prescott methodology this paper presents a review about the relation- ship between the ex post risk premium of the stock market and ... See full document

... country risk premium refers to the cost of macroeconomic or systemic ...is the market value of risk associated with a bond that finances capital to be sunk in a ... See full document

... combines the use of principal component analysis with web ...to the underlying variables, a sound factor structure, and reduces the noise regarding to web searches, when compared to standard ... See full document

... use the coefficient on γ k to identify the exercise of market power, we focus on a subtler form of ...that the ability of a bank to exercise its market power differ depending on ... See full document

... of the model are worth ...reduced the monopolist power of domestic firms, lowered the price of output, and hence increased domestic demand and with it demand for ...capital. In  ... See full document

... Characteristic or Beta-Loading In order to determine whether expected returns are described by a multifactor model with time varying factor and risk premium or a characteristics model, D[r] ... See full document

... used in this paper considered transaction costs and risk aversion using the Capital Asset Pricing Model ...Additionally, the efficient market hypothesis (EMH) where the ... See full document

... to the ex-post equity risk premium, CLSI tFHP denotes the cycle in logarithms of SI, and CLRTI tFHP shows the cycle in logarithms of RTI, both under ... See full document

... are the result of aggregates of entrepreneurial activity of different ...generations. In this sense, the national entrepreneurial rate is a measure of the stock of entrepreneurship ... See full document

... explained in great detail how the clash between labor and capital expressed politically across the welter of government action that kept (and strayed from) full ...stressing the ... See full document

... crises and its consequences around the world is a fundamental topic for academics, fund managers and traders due to its impact on international portfolio management, portfolio allocation and ... See full document

... unfold the economic significance from arbitrageurs’ perspective, we consider the cumu- lative portfolio returns over our sample ...plots the cumulative profits on the equally weighted industry ... See full document

... businesses in the context of an open market economy with characteristics that are resembling to those adopted by local ...both in the type of business (restaurants, beauty ... See full document

... I found that the excess market return EMR, default risk DEF and US real interest rate TBILLR, better explain the cross-section variations in stock returns when the portfolios are formed [r] ... See full document

... existence and evolution will be con- sidered and related to the biggest financial scandals and its output in terms of control ...out, and the new ERM 2017 will be ...for ... See full document

... act in the stockholders’ ...different business strategies to a firm’s top management. This was the case with Carl Ichan and ...specializes in takeovers. His stake in ... See full document

... upon risk. In many circumstances, it may be possible to alter the risk ...reads in the newspaper most every week about some new discovery with regards to genetic ...alter ... See full document

... during the middle age to 20% and increases again in old ...informality, the probability of becoming informal is low for young people and increases with age to more than 40%, but ... See full document

... equals the number of outstanding long positions (or equivalently, short positions) at the end of the ...reflects the trading behavior, as it shows the net positions of OMIP trading ... See full document

... investing in the ...collectively in either financial products or in real estate assets. The financial vehicles that invest collectively in financial products are called ... See full document