Browsing BI Open by Author "Gómez, Juan-Pedro"
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Labor income, relative wealth concerns, and the cross section of stock returns
Gómez, Juan-Pedro; Priestley, Richard; Zapatero, Fernando (Journal article; Peer reviewed, 2016)The finance literature documents a relation between labor income and the cross-section of stock returns. One possible explanation for this is the hedg-ing decisions of investors with relative wealth concerns. This implies ... -
Management compensation and market timing under portfolio constraints
Agarwal, Vikas; Gómez, Juan-Pedro; Priestley, Richard (Journal article; Peer reviewed, 2012)This paper shows that portfolio constraints have important implications for manage- ment compensation and performance evaluation. In particular, in the presence of portfolio constraints, allowing for benchmarking can be ...