The main objective of this article is to show that the "synthetic approach" initiated by Lise Salvas-Bronsard (1972) can be useful to reexamine the quantitative analysis of portfolio management. We pay a tribute to her work in showing that it is useful in allowing the interaction of different...

This paper attempts to give an integrated view of the numerous contributions to economic theory of information. After an introduction where the economics of information is placed within the context of general economic theory and defined relative to the Arrow-Debreu contingent market model, the...

In this paper, we survey the asset pricing models that have been used in the context of emerging markets. We emphasize that both returns and their variability are more predictable than in developed markets and investigate whether this predictability can be explained by predictable measures or...

This paper studies the impact of financial market structure on investment decisions by firms using company panel data from six countries: Germany and Japan, where borrower-lender relationships are more of a long-term nature, Canada, France, United Kingdom, and United States, where financial...