Hyoseok (David) Hwang
Hyoseok Hwang is an assistant professor in finance at the Rutgers School of Business at Camden. He received Ph.D in finance from the Louisiana State University. His research interests are in the areas of investment and financial markets and institutions. Using various techniques and data, he analyzes and tests asset pricing models. Also, his research focuses on conflicts of interest and information sharing within a financial institution.
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The predictability implied by consumption-based asset-pricing models: a review of the theory and empirical evidence
This paper examines whether two well-known models, Campbell and Cochrane’s habit model and Bansal and Yaron’s long-run risks model, can produce significant return predictability.