The Investment Manifesto

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How researchers see this paper

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Digesting Anomalies: An Investment Approach (2015, methodology): “As argued in Lin and Zhang (2013), the consumption model and the investment model of asset pricing are equivalent in general equilibrium, delivering identical expected returns.”
Investment and the Weighted Average Cost of Capital (2016, unknown): “Lin and Zhang (2013) show that 1 + a( Iit Kit ) = Πit+1 witrBait+1 + (1− wit)rSit+1 .”
Firm-Level Productivity, Risk, and Return (2014, unknown): “ture, including Liu et al. (2009), Eisfeldt and Papanikolaou (2013),”
An Augmented q-Factor Model with Expected Growth* (2020, unknown): “We are keenly aware that our evidence is not inconsistent with mispricing (Lin and Zhang, 2013).”
Shrinking the Cross Section∗ (2017, unknown): “As a concrete example, consider a simple two-period “q-theory” model of firm investment similar to the one in Lin and Zhang (2013). The key idea of the model is that an optimizing firm should choose investment policies such that it aligns expected returns (cost of capital) and profitability (investm”