The Integration of Conventional Equity Indices with Environmental, Social, and Governance Indices: Evidence from Emerging Economies

Equity Premium Predictions with Adaptive Macro Indices

Fundamental economic conditions are crucial determinants of equity premia. However, commonly used predictors do not adequately capture the changing nature of economic conditions and hence have limited power in forecasting equity returns. To address the inadequacy, this paper constructs macro indices from large datasets and adaptively chooses optimal indices to predict stock returns. I find that...

Corporate Governance in Emerging Economies

Most of the literature on corporate governance emphasizes that firms should be run in the interests of shareholders. This is an appropriate objective function when markets are perfect and complete. In many emerging economies this is not the case: markets are imperfect and incomplete. The first theme of the paper is that alternative firm objective functions, such as pursuing the interests of all...

Investigating the applicability of conventional vegetation indices for vegetation change detection in different environmental conditions

Vegetation indices have been developed to characterize and extract the Earth's vegetation cover from space using satellite images. For detection of vegetation changes, usually temporal images are independently analyzed or vegetation index differencing is implemented. A review on previous studies reveal that, in spite of developing several vegetation indices, to extract vegetation cover or veget...

Health utility indices and equity considerations.

The aim of this paper is to propose methods that incorporate equity concerns into cost utility analysis. The focus of the paper is on QALYs, but the results apply to health utility indices in general. Two interpretations of QALYs are considered: QALYs as (von Neumann Morgenstern) utilities and QALYs as measures of health. A justification is provided for aggregating consistently scaled "QALYs as...

Indices of Social Development