Essays on International Finance and Asset Pricing

Research output: ThesisDoctoral Thesis

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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 languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Gerard, Bruno, Promotor
  • de Roon, Frans, Promotor
Award date29 Nov 2007
Place of PublicationTilburg
Publisher
Print ISBNs9789056682002
Publication statusPublished - 2007

Fingerprint

International finance
Asset pricing
Human capital
Investors
Specific human capital
Industry
Hedge
Cross section
Stock returns
Risk premium

Cite this

Eiling, E. (2007). Essays on International Finance and Asset Pricing. Tilburg: CentER, Center for Economic Research.
Eiling, E.. / Essays on International Finance and Asset Pricing. Tilburg : CentER, Center for Economic Research, 2007. 240 p.
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Eiling, E 2007, 'Essays on International Finance and Asset Pricing', Doctor of Philosophy, Tilburg University, Tilburg.

Essays on International Finance and Asset Pricing. / Eiling, E.

Tilburg : CentER, Center for Economic Research, 2007. 240 p.

Research output: ThesisDoctoral Thesis

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N2 - 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.

AB - 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.

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T3 - CentER Dissertation Series

PB - CentER, Center for Economic Research

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ER -

Eiling E. Essays on International Finance and Asset Pricing. Tilburg: CentER, Center for Economic Research, 2007. 240 p. (CentER Dissertation Series).