Beginning with Banz (1981), I review 30years of research on the size effect in equity returns.
Since Fama and French (1992), there has been a vigorous, ongoing debate on whether the …

In this study, we propose an alternative technique for estimating the cost of equity capital.
Specifically, we use a discounted residual income model to generate a market implied cost …

I describe a model of earnings and earnings growth and I demonstrate how this model may
be used to obtain estimates of the expected rate of return on equity capital. These estimates …

This study shows that US individual investors hold under-diversified portfolios, where the
level of under-diversification is greater among younger, low-income, less-educated, and less …

With a meta‐analysis of 85 studies and 190 experiments, the authors test the relationship
between socially responsible investing (SRI) and financial performance to determine …

This paper takes a new look at the predictability of stock market returns with risk measures.
We find a significant positive relation between average stock variance (largely idiosyncratic) …

Diversification is one of the major components of investment decision-making under risk or
uncertainty. However, paradoxically, as the 2007–2009 financial crisis revealed, the concept …

We compare risk premia (RP) inferred using the Ohlson-Juettner (RP OJ) and residual
income valuation (RP RIV) models in three ways:(1) correlation with risk factors;(2) …

Fully updated and revised by international authorities on the topic, this new version of a
classic and established text returns to its roots as a clear and concise introduction to this …

Does investing in sustainability leaders affect portfolio performance? Analyzing two mutually
exclusive leading and lagging global corporate sustainability portfolios (Dow Jones) finds …