, simultaneously inferences in respect of each of rationality and efficiency of pricing of idiosyncratic risk. Using exactly the same … show pricing of idiosyncratic risk of all three sample stocks satisfy the rationality conditions. Whereas, however, risk … preference parameters of which native risk-return trade-offs for the three assets are representative deviate from global risk …

by risk, uncertainty or the expected business impacts of the transactions. Placebo tests provide further support that …

We investigate how risky health behaviors and self-reported health vary with the Dow Jones Industrial Average (DJIA … research contributes to our understanding of the macro-economic determinants of health. Existing studies in this literature … through which the economic environment may influence individual health decisions. After accounting for associations with the …

The recent asset pricing literature finds valuation risk is an important determinant of key asset pricing moments …. Valuation risk is modelled as a time preference shock within Epstein-Zin recursive utility preferences. While this form of … valuation risk appears to fit the data extremely well, we show the preference specification violates an economically meaningful …

We investigate the impact of the crises caused by the modern health pandemics on the firm stock price’s risk of …-year observations, collected from 39 countries during the five modern health crises (SARS in 2003, H1N1 in 2009, MERS in 2012, Ebola in … 2012, and Zika in 2016). At this point, we observe that the outbreak of pandemic crises curbs the stock price crash risk …