Required and obtained equity returns in privately held businesses: the impact of family nature—evidence before and after the global economic crisis
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DOI: 10.1007/s11846-017-0230-7
Abstract: This paper analyses the impact that family businesses have on the minimum rate of return required by owner–investors (k e ) and on the equity returns (ROEaT) obtained in privately held businesses. This influence is… read more here.
Keywords: equity returns; impact family; family businesses; family ... See more keywords
Country governance and international equity returns
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DOI: 10.1016/j.jbankfin.2020.105986
Abstract: Monthly equity returns in countries with strong governance lead monthly equity returns in countries with weak governance. This predictability is robust to alternative ways of measuring country governance, and holds in and out-of-sample at both… read more here.
Keywords: country; country governance; governance; equity returns ... See more keywords
Financial Constraints, Monetary Policy Shocks, and the Cross-Section of Equity Returns
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DOI: 10.1093/rfs/hhz140
Abstract: We analyze the impact ofa unanticipated monetary policy changes on the cross-section of U.S. equity returns. Financially constrained firms earn a significantly lower (higher) return following surprise interest rate increases (decreases) as compared to unconstrained… read more here.
Keywords: section equity; equity returns; cross section; monetary policy ... See more keywords