Supplementary Material for 'Asset Pricing Restrictions on Predictability: Frictions Matter'

2011 ◽  
Author(s):  
Frans A. de Roon ◽  
Marta Szymanowska
Keyword(s):  
Asset Pricing ◽  
Supplementary Material

Freedom Indices and Capital Asset Pricing Model: Some Malaysian Evidence

2020 ◽  
Vol 1 (1) ◽  
pp. 1-21
Author(s):  
Ying Tay Lee ◽  
Devinaga Rasiah ◽  
Ming Ming Lai
Keyword(s):  
Human Rights ◽  
Asset Pricing ◽  
Stock Returns ◽  
Firm Size ◽  
Explanatory Power ◽  
Least Square ◽  
Press Freedom ◽  
Capital Asset Pricing ◽  
Capital Asset ◽  
Cross Sectional

Human rights and fundamental freedoms such as economic, political, and press freedoms vary widely from country to country. It creates opportunity and risk in investment decisions. Thus, this study is carried out to examine if the explanatory power of the model for capital asset pricing could be improved when these human rights movement indices are included in the model. The sample for this study comprises of 495 stocks listed in Bursa Malaysia, covering the sampling period from 2003 to 2013. The model applied in this study employed the pooled ordinary least square regression estimation. In addition, the robustness of the model is tested by using firm size as a controlled variable. The findings show that market beta as well as the economic and press freedom indices could explain the cross-sectional stock returns of the Malaysian stock market. By controlling the firm size, it adds marginally to the explanation of the extended CAP model which incorporated economic, political, and press freedom indices.

Risk Factors of Collateralized Loan Obligations and Corporate Bonds

2020 ◽  
Vol 32 (6) ◽  
pp. 347-355
Author(s):  
Mark Wahrenburg ◽  
Andreas Barth ◽  
Mohammad Izadi ◽  
Anas Rahhal
Keyword(s):  
Risk Factors ◽  
Risk Factor ◽  
Asset Pricing ◽  
Systemic Risk ◽  
Corporate Bonds ◽  
Risk Exposure ◽  
Expected Returns ◽  
Yield Spreads ◽  
Pricing Factors ◽  
Return Difference

AbstractStructured products like collateralized loan obligations (CLOs) tend to offer significantly higher yield spreads than corporate bonds (CBs) with the same rating. At the same time, empirical evidence does not indicate that this higher yield is reduced by higher default losses of CLOs. The evidence thus suggests that CLOs offer higher expected returns compared to CB with similar credit risk. This study aims to analyze whether this return difference is captured by asset pricing factors. We show that market risk is the predominant risk factor for both CBs and CLOs. CLO investors, however, additionally demand a premium for their risk exposure towards systemic risk. This premium is inversely related to the rating class of the CLO.

Agency Conflicts, Investment, and Asset Pricing

CFA Digest ◽  
2008 ◽  
Vol 38 (3) ◽  
pp. 13-15
Author(s):  
Yazann S. Romahi
Keyword(s):  
Asset Pricing ◽  
Agency Conflicts

Asset Pricing: A Tale of Two Days

CFA Digest ◽  
2014 ◽  
Vol 44 (7) ◽  
Author(s):  
Gregory G. Gocek
Keyword(s):  
Asset Pricing

Designing Workbook for Teaching Writing Descriptive Text Based on Scientific Approach

2019 ◽  
Vol 1 (2) ◽  
pp. 59
Author(s):  
Indah Pratiwi ◽  
Yanti Sri Rezeki
Keyword(s):  
Teaching Writing ◽  
English Teacher ◽  
Design Development ◽  
Seventh Grade ◽  
Internal Evaluation ◽  
Writing Ability ◽  
Good Book ◽  
Scientific Approach ◽  
Supplementary Material ◽  
Analysis Design

This research aims to design workbook based on the scientific approach for teaching writing descriptive text. This research was conducted on the seventh-grade students of SMPN 24 Pontianak. The method of this research is ADDIE (Analysis, Design, Development, Implementation, and Evaluation) with the exclusion of Implementation and Evaluation phases. This material was designed as supplementary material to support the course book used especially in teaching writing of descriptive text. The respondents in this research were the seventh-grade students and an English teacher at SMPN 24 Pontianak. In this research, the researchers found that workbook based on scientific approach fulfilled the criteria of the good book to teach writing descriptive text. The researchers conducted an internal evaluation to see the usability and the feasibility of the workbook. The result of the evaluation is 89%. It showed that the workbook is feasible to be used by students as the supplementary material to support the main course book and help the students improve their writing ability in descriptive text.

Catalytic Fluorination of Boron Compounds at a Bismuth Redox Platform

2019 ◽  
Author(s):  
Oriol Planas ◽  
Feng Wang ◽  
Markus Leutzsch ◽  
Josep Cornella
Keyword(s):  
Transition Metal ◽  
Main Group ◽  
Group Element ◽  
Oxidation States ◽  
Boron Compounds ◽  
Main Text ◽  
Main Group Element ◽  
Rational Ligand Design ◽  
Supplementary Material

The ability of bismuth to maneuver between different oxidation states in a catalytic redox cycle, mimicking the canonical organometallic steps associated to a transition metal, is an elusive and unprecedented approach in the field of homogeneous catalysis. Herein we present a catalytic protocol based on bismuth, a benign and sustainable main-group element, capable of performing every organometallic step in the context of oxidative fluorination of boron compounds; a territory reserved to transition metals. A rational ligand design featuring hypervalent coordination together with a mechanistic understanding of the fundamental steps, permitted a catalytic fluorination protocol based on a Bi(III)/Bi(V) redox couple, which represents a unique example where a main-group element is capable of outperforming its transition metal counterparts.<br>A main text and supplementary material have been attached as pdf files containing all the methodology, techniques and characterization of the compounds reported.<br>

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