We are in the process of updating the DRUM statistics and the number of downloads reported in DRUM records only reflects downloads from June 2014 to the present. The previous numbers have not been lost and we are in the process adding them to the total. Please contact drum-help@umd.edu if you have any questions.

Please use this identifier to cite or link to this collection:

http://hdl.handle.net/1903/1589

 

Recent Submissions

  • An Exact Bayes Test of Asset Pricing Models with Application to International Markets 

    Avramov, Doron; Chao, John C. (Journal of Business of the University of Chicago, 2006)
    This paper develops and implements an exact finite-sample test of asset pricing models with time varying risk premia using posterior probabilities. The strength of our approach is that it allows multiple conditional asset ...
  • Rationalizing Momentum Interactions 

    Avramov, Doron; Hore, Satadru (2007)
    Momentum profitability concentrates in high information uncertainty and high credit risk firms and is virtually nonexistent otherwise. This paper rationalizes such momentum interactions in equilibrium asset pricing. In our ...