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bodies until recently. This paper investigates the evolution of fair value accounting in the USA and shows that several …
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Learning about marriage quality has been proposed as a key mechanism for explaining how the probability of divorce … divorce, three of which include learning. I use data from the Survey of Income and Program Participation to test reduced form … implications of these models. The data is inconsistent with models including a substantial amount of learning. On the other hand …
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Demand is growing for a better understanding of how assets are priced in countries outside of the U.S. While financial data are available for many firms world-wide, it is important to have a reliable and replicable method of constructing high-quality systematic risk factors from these data. This...
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