Lumpy investment and expected stock returns

DOI10.1016/J.ECONLET.2020.109263zbMath1451.91226OpenAlexW3030226734MaRDI QIDQ2208644

Heungju Park, Hyun Joong Im

Publication date: 3 November 2020

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2020.109263

zbMATH Keywords

stock return predictabilitylumpy investmenttime-varying risk premiuminvestment spike

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

• Irreversible investment with uncertainty and scale economies
• A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix
• Cross-Sectional Efficiency and Labour Hoarding in a Matching Model of Unemployment
• Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S, s) Approach
• On the Cost of Adjustment

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