TY - GEN AU - Galicia Sanguino, Lucía AU - Rojo Suárez, Javier AU - Alonso Conde, Ana B. AU - López Pérez, María Victoria PY - 2021 UR - http://hdl.handle.net/10481/70745 AB - Although consumption-based asset pricing constitutes a solid body of work for the purpose of relating asset prices and macroeconomics, most empirical tests put into question the representative investor perspective. Furthermore, most approaches... LA - eng PB - Elsevier KW - CCAPM KW - Idiosyncratic risk KW - Income inequality KW - Trade openness KW - Research and development investment KW - Japanese equity market TI - Trade integration and research and development investment as a proxy for idiosyncratic risk in the cross-section of stock returns DO - 10.1016/j.pacfin.2021.101623 ER -