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Labor Leverage, Firms Heterogeneous Sensitivities to the Business Cycle, and the Cross-Section of Returns
16 references·3 citing·38 second hop
Labor Leverage, Firms Heterogeneous Sensitivities to the Business Cycle, and the Cross-Section of Returns (2008)Labor Leverage, Firms Heterogeneous Sensi…Business Cycle Accounting (2007)Business Cycle AccountingHousing, consumption and asset pricing (2006)Housing, consumption and asse…A Consumption‐Based Explanation of Expected Stock Returns (2006)A Consumption‐Based Explanati…Labor Income and Predictable Stock Returns (2005)Labor Income and Predictable …Product Substitutability and Productivity Dispersion (2004)Product Substitutability and …Corporate Investment and Asset Price Dynamics: Implications for the Cross‐section of Returns (2004)Corporate Investment and Asse…Bad Beta, Good Beta (2004)Bad Beta, Good BetaEquilibrium Cross Section of Returns (2003)Equilibrium Cross Section of …Resurrecting the (C)CAPM: A Cross‐Sectional Test When Risk Premia Are Time‐Varying (2001)Resurrecting the (C)CAPM: A C…Optimal Investment, Growth Options, and Security Returns (1998)Optimal Investment, Growth Op…Multifactor Explanations of Asset Pricing Anomalies (1996)Multifactor Explanations of A…Size and Book-to-Market Factors in Earnings and Returns (1995)Size and Book-to-Market Facto…Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations (1990)Current Real Business Cycle T…A VARIANCE DECOMPOSITION FOR STOCK RETURNS (1990)A VARIANCE DECOMPOSITION FOR …The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1986)The Dividend-Price Ratio and …Tobin's Marginal q and Average q: A Neoclassical Interpretation (1982)Tobin's Marginal q and Averag…Untangling the Value Premium with Labor Shares (2017)Untangling the Value Premium …Understanding industry betas (2013)Understanding industry betasPutty–clay technology and stock market volatility (2011)Putty–clay technology and sto…Time to Build and Aggregate Fluctuations (1982)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Chapter 21 The financial accelerator in a quantitative business cycle framework (1999)Emerging Market Business Cycles: The Cycle Is the Trend (2007)Misallocation and Manufacturing TFP in China and India (2007)Misallocation and Manufacturing TFP in China and India (2009)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Common risk factors in the returns on stocks and bonds (1993)Industry costs of equity (1997)On Persistence in Mutual Fund Performance (1997)Investor Psychology and Security Market Under‐ and Overreactions (1998)An Intertemporal Capital Asset Pricing Model (1973)The Cross-Section of Expected Stock Returns (1992)A five-factor asset pricing model (2014)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Do Industries Explain Momentum? (1999)The Stock Market Valuation of Research and Development Expenditures (2001)PE Ratios, PEG Ratios, and Estimating the Implied Expected Rate of Return on Equity Capital (2004)Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test (1988)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)Business conditions and expected returns on stocks and bonds (1989)Consumption, Aggregate Wealth, and Expected Stock Returns (2001)Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk (2001)Presidential Address: Discount Rates (2011)Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root (1981)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Testing for a Unit Root in Time Series Regression (1988)Investor Psychology and Asset Pricing (2001)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)The Impact of Uncertainty Shocks (2009)Why Do Americans Work So Much More Than Europeans? (2004)A Unified Framework for Monetary Theory and Policy Analysis (2005)Investor Sentiment and the Cross-Section of Stock Returns (2003)The Value Premium (2005)A skeptical appraisal of asset pricing tests☆ (2009)Industry Concentration and Average Stock Returns (2003)Consumption Strikes Back? Measuring Long‐Run Risk (2008)Investor Sentiment Aligned: A Powerful Predictor of Stock Returns (2014)
this work references cited by second hop

References

  • 1996Multifactor Explanations of Asset Pricing Anomalies6,710 cited
  • 1995Size and Book-to-Market Factors in Earnings and Returns3,456 cited
  • 1982Tobin's Marginal q and Average q: A Neoclassical Interpretation3,178 cited
  • 1986The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors2,425 cited
  • 1990A VARIANCE DECOMPOSITION FOR STOCK RETURNS1,822 cited
  • 1998Optimal Investment, Growth Options, and Security Returns1,477 cited
  • 2001Resurrecting the (C)CAPM: A Cross‐Sectional Test When Risk Premia Are Time‐Varying1,445 cited
  • 2004Bad Beta, Good Beta1,167 cited
  • 2007Business Cycle Accounting1,001 cited
  • 1990Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations978 cited
  • 2003Equilibrium Cross Section of Returns785 cited
  • 2004Corporate Investment and Asset Price Dynamics: Implications for the Cross‐section of Returns778 cited
  • 2006Housing, consumption and asset pricing720 cited
  • 2006A Consumption‐Based Explanation of Expected Stock Returns653 cited
  • 2004Product Substitutability and Productivity Dispersion648 cited
  • 2005

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Labor Income and Predictable Stock Returns
543 cited

Cited by

  • 2017Untangling the Value Premium with Labor Shares34 cited
  • 2011Putty–clay technology and stock market volatility32 cited
  • 2013Understanding industry betas24 cited