Asset prices and real investment

By Leonid Kogan. 2004

158 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/0765c7a305830257a3de4cace768a2cc3221cfc4

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Citations in the corpus

Organization Capital and the Cross-Section of Expected Returns (2013, unknown): “For a theoretical illustration of this mechanism see Kogan (2001; 2004) and Zhang (2005). (14)We classify a year as a recession if more than six months of that year fall within the NBER recession dates.”
Corporate Real Estate Holdings and the Cross-Section of Stock Returns (2010, unknown): “Recently, several articles have studied the asset pricing implications of models with irreversible investment (Berk, Green, and Naik 1999; Gomes, Kogan, and Zhang 2003; Kogan 2004; Cooper 2006), which prohibit disinvestment completely.”
Real investment and risk dynamics (2011, background): “[15] Kogan, Leonid, 2004, Asset Prices and Real Investment, Journal of Financial Economics, 73, 411-431.”
Real Asset Illiquidity and the Cost of Capital (2014, background): “…is the recent investment-based asset pricing literature that argues that differences in operating flexibility across value and growth firms can explain the value premium (e.g., Kogan (2004), Gomes, Kogan, and Zhang (2003), Carlson, Fisher, and Giammarino (2004), Zhang (2005), and Cooper (2006)).”
Corporate Investment and Asset Price Dynamics: Implications for SEO Event Studies and Long-Run Performance (2006, unknown): “An Alternative Proposition The relative risk of growth options and assets in place varies over business cycles: • Expansions: βGrowth Option>βAssets in Place • Recessions: βAssets in Place>βGrowth Option Theoretical predictions in Cooper (2004), Kogan (2004), and Zhang (2004).”
Value Versus Growth: Time-Varying Expected Stock Returns (2011, background): “…that the effect of costly reversibility on risk and expected returns discussed by Zhang (2005) in the industry equilibrium model continues to hold in a general equilibrium model.2 The effect of costly reversibility on risk and expected returns are also studied by Kogan (2004) and Cooper (2006).”
On the Information Role of Stock Recommendation Revisions (2009, background): “For discussion of how fundamental changes can impact expected returns see McDonald and Siegel (1985), Lucas and McDonald (1990), Berk et al. (1999), Gomes et al. (2003), Kogan (2004), Carlson et al. (2004, 2006), Zhang (2005), Cooper (2006), and Pástor and Veronesi (2005).”