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Risk is not Sufficient to Generate a Return on Investment

Author

Listed:
  • Benjamin A. Jansen

Abstract

This paper shows that theories focused solely on risk, and investors more generally, as the driver of asset returns may not be sufficiently reflecting relevant asset price inputs. This conclusion largely stems from prevalent asset pricing theories ignoring the firm side supply of value into their financial securities.

Suggested Citation

  • Benjamin A. Jansen, 2024. "Risk is not Sufficient to Generate a Return on Investment," Working Papers 202401, Middle Tennessee State University, Department of Economics and Finance.
    • Handle: RePEc:mts:wpaper:202401
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    File URL: http://capone.mtsu.edu/berc/working/riskinsufficient.pdf
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    More about this item

    Keywords

    Asset Pricing; Cash Flow; Firms; Risk;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G19 - Financial Economics - - General Financial Markets - - - Other

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