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- W179924486 abstract "We provide a simple but fairly general theoretical model that produces many of the implications regarding the value premium and stock volatility suggested in prior empirical literature and provides a number of new implications. Our equilibrium model naturally incorporates technological efficiency and innovations as a driver of many of the known effects. We also perform simple empirical tests of our model’s new implications." @default.
- W179924486 created "2016-06-24" @default.
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- W179924486 date "2007-01-01" @default.
- W179924486 modified "2023-09-26" @default.
- W179924486 title "The Value Premium and Firm Volatility in Merton's ICAPM" @default.
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- W179924486 doi "https://doi.org/10.2139/ssrn.959950" @default.
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