Long-Run Risk in the Cross Section

2008 ◽  
Author(s):  
Scott Cederburg ◽  
Satadru Hore
Keyword(s):  
Cross Section ◽  
Long Run ◽  
The Cross ◽  
Long Run Risk

scholarly journals Long-run cash flow and discount-rate risks in the cross-section of US returns

2010 ◽  
Vol 16 (3) ◽  
pp. 227-244 ◽  
Author(s):  
Michail Koubouros ◽  
Dimitrios Malliaropulos ◽  
Ekaterini Panopoulou
Keyword(s):  
Cross Section ◽  
Cash Flow ◽  
Discount Rate ◽  
Long Run ◽  
The Cross

scholarly journals Predictability and the Cross-Section of Expected Returns: A Challenge for Asset Pricing Models

2021 ◽  
Author(s):  
Christian Schlag ◽  
Michael Semenischev ◽  
Julian Thimme
Keyword(s):  
Cross Section ◽  
Risk Premium ◽  
Empirical Test ◽  
Expected Returns ◽  
State Variables ◽  
Expected Return ◽  
Long Run ◽  
The Cross ◽  
Long Run Risks ◽  
Macro Finance

Many modern macro finance models imply that excess returns on arbitrary assets are predictable via the price-dividend ratio and the variance risk premium of the aggregate stock market. We propose a simple empirical test for the ability of such a model to explain the cross-section of expected returns by sorting stocks based on the sensitivity of expected returns to these quantities. Models with only one uncertainty-related state variable, like the habit model or the long-run risks model, cannot pass this test. However, even extensions with more state variables mostly fail. We derive conditions under which models would be able to produce expected return patterns in line with the data and discuss various examples. This paper was accepted by David Simchi-Levi, finance.

A New Approach to the Demonstration of Oxidase-Localization Using Tannic Acid Or Catechin

1973 ◽  
Vol 31 ◽  
pp. 698-699
Author(s):  
V. Mizuhira ◽  
Y. Futaesaku
Keyword(s):  
Cross Section ◽  
Tannic Acid ◽  
Elastic Fiber ◽  
The Other ◽  
New Approach ◽  
Tissue Block ◽  
Active Reaction ◽  
The Cross

Previously we reported that tannic acid is a very effective fixative for proteins including polypeptides. Especially, in the cross section of microtubules, thirteen submits in A-tubule and eleven in B-tubule could be observed very clearly. An elastic fiber could be demonstrated very clearly, as an electron opaque, homogeneous fiber. However, tannic acid did not penetrate into the deep portion of the tissue-block. So we tried Catechin. This shows almost the same chemical natures as that of proteins, as tannic acid. Moreover, we thought that catechin should have two active-reaction sites, one is phenol,and the other is catechole. Catechole site should react with osmium, to make Os- black. Phenol-site should react with peroxidase existing perhydroxide.

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