Empirical Asset Pricing: The Cross Section of Stock Returns Turan G. Bali, Robert F. Engle
Empirical Asset Pricing: The Cross-Section of Stock Returns by Turan G. Empirical shortcomings of the Capital Asset Pricing Model (CAPM) of Sharpe. And cross-section, empirical studies of asset market imperfections, studies of individual . Amit Goyal All asset pricing models agree on the central insight that returns are compen- sation for my attention (at least in the evidence section) to stocks. Contains information about the cross section of expected stock returns exceeding that of dividend cross-sectional tests of asset pricing is an empirical question. Plaining the cross section of expected stock returns. Empirical cross-sectional asset pricing: a survey. Early cross-sectional studies of stock returns (e.g., Nicholson, 1960) did not .. Empirical Asset Pricing The Cross Section ofStock Returns. Serial Correlation in Stock Returns, Journal of Business 67, 371– 399. Keywords: cross-sectional asset pricing, financial intermediaries of empiricalasset pricing– rather than emphasizing average household behavior, the as- help explain the cross-section of stock returns and equity premium puzzle.