Abstract
The second part of this dissertation takes a more general asset pricing perspective. In particular, it investigates the impact of human capital on asset pricing. Investors' portfolio decisions may be affected by their human capital. For instance, an investor who works in the IT sector may want to invest less in IT stocks in order to hedge against her human capital risk. Consequently, investors' human capital may affect the risk premium for stocks. This study examines the impact of industry-specific human capital on the cross-section of expected stock returns.
| Original language | English |
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| Qualification | Doctor of Philosophy |
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| Award date | 29 Nov 2007 |
| Place of Publication | Tilburg |
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| Print ISBNs | 9789056682002 |
| Publication status | Published - 2007 |