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Showing 1 to 2 of 2 for “"idiosyncratic volatility puzzle"”.

  1. Two Essays in Finance: The Consequences of Mandated Compensation Disclosure, and The Idiosyncratic Volatility Puzzle

    … second essay of my dissertation focuses on the idiosyncratic volatility puzzle - the negative relation between estimated idiosyncratic volatility and the subsequent month returns documented by Ang et al (2006). We document a systematic pattern of temporary increases in the estimated …

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  2. Three Essays on Asset Pricing

    … I use an option-based approach to characterize idiosyncratic jump risk for a large number of firms over a twenty-year period. I find that idiosyncratic jump risk carries a significant negative risk premium. It correlates with certain firm characteristics and can explain part of the idiosyncratic

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