This paper contributes to the literature on systematic co-moments in stock returns by documenting the effects of non-diversified variance, skewness, and kurtosis on asset valuation during the period 1996-2006. Through a methodology similar to that of Fama and French (1993), we derive premia able...

This work focuses on the recent literature, started by the seminal article of Ang - Piazzesi (2003), aimed at developing macrofinance models that combine finance specifications of the term structure of interest rates with standard macroeconomic aggregate relationships for output and inflation....

The study estimates the impact of bilateral investment agreements (BITs) on FDI inflows into fifteen Asian developing countries for the period 1980-81 to 1999- 2000 and examines whether signing an investment agreement with a developed country or a developing country matters. It also examines the...