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capital structure, credit spread, default risk, business cycle, default losses
risk management, liquidity, financial crisis, market timing, investment, q theory
investment, q theory, cash management, liquidity, hedging, payout, financing
credit risk, term structure, business cycle, maturity dynamics, liquidity
Capital structure, liquidity, cash, financing frictions, marginal tax benefit of debt, tradeoff theory
mortgage refinancing, home equity, housing collateral, liquidity constraints, household consumption and saving decisions, leverage
default, diversification benefits, entrepreneurial risk aversion, incomplete markets, idiosyncratic risk premium, hedging, capital structure, cash-out option, precautionary saving
option pricing, recovery risk, stochastic discount factor, characteristic function, Fourier transform
generalized recursive ambiguity utility, ambiguity aversion, model uncertainty, learning, portfolio choice, robustness, return predictability
Intermediary constraint, tail risk, SPX option, return predictability, supply shocks, leverage
Cross-equation restriction; Information theory; Limited information likelihood; Model fragility and complexity; Robustness; Disaster risk; Long-run risk
Stock Return Volatility, Leverage Ratio, Surprise Shocks, Idiosyncratic Volatility, Uncertainty
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