The Value of Growth and Risk in the Australian Stock Market

股票收益的定价仍然是一个？圣杯？在金融经济学中。该项目将通过调查股票价格风险定价的新模型，重点关注澳大利亚特有的关键问题，包括流动性的作用，商誉的影响和股息的力量，使我们更接近这个奖项。测试将在一个新的范例模型的背景下进行。其成果是改进了数据管理，改进了风险控制，改进了工业投资决策的工具和知识。行业合作伙伴DFA Australia是一家商业基金管理公司，通过与美国证券交易所的紧密联系而高度承诺。

The pricing of stock returns remains a ?holy grail? in financial economics. This project will take us closer to this prize by investigating new models for the pricing of risk in stock prices, focusing upon key questions specific to Australia including the role of liquidity, influence of goodwill and power of dividends. Tests will be conducted in the context of a new paradigm model. Outcomes are improved data management, improved risk control, improved tools and knowledge for investment decision-making for industry. The industry partner, DFA Australia, is a commercial fund manager highly committed through its strong links to US academe.