Time-Varying Risk Premia and the Cost of Capital: An Alternative Implication of the Q Theory of Investment

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Inventory Investment and the Cost of Capital (2013, background): “Furthermore, both of these industries have long delivery lead times, implying a lack of flexibility in adjusting those inventories.”
Dividend Dynamics and the Term Structure of Dividend Strips (2015, unknown): “To examine the relationship between leverage and future dividends, we run standard long-horizon predictive regressions (e.g., Fama and French (1989), and Lettau and Ludvigson (2002)).”
Time Horizon, Costs of Equity Capital, and Generic Investment Strategies of Firms (2007, background): “Lettau and Ludvigson (2002) present evidence that a large fraction of the variance in stock market returns over time needs to be attributable to movements in equity risk premia.”