Four Essays on the Relation between Distress Risk and Equity Returns
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Other Titles: | Vier Aufsätze zum Zusammenhang zwischen Distress-Risiko und Aktienrenditen | Authors: | Mertens, Richard Lennart | Supervisor: | Poddig, Thorsten | 1. Expert: | Missong, Martin | Experts: | Auer, Benjamin | Abstract: | The central question of this thesis is whether firm distress risk explains stock returns. This question is important because it has been suspected that distress risk might reconcile a growing evidence on patterns in returns, which are otherwise hard to explain, with conventional economic theory. The actual empirical work is presented in four papers in the annex of this document. |
Keywords: | Asset Pricing; Default Risk | Issue Date: | 28-Sep-2017 | Type: | Dissertation | Secondary publication: | no | URN: | urn:nbn:de:gbv:46-00106107-14 | Institution: | Universität Bremen | Faculty: | Fachbereich 07: Wirtschaftswissenschaft (FB 07) |
Appears in Collections: | Dissertationen |
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