Narrow search
Showing 1 - 10 of 7,202
Cover Image
Value relevance of accounting information : the moderating effect of timeliness
Akadakpo, B. A.; Mgbame, M. C. - In: Accounting and taxation review : A&TR 2 (2018) 1, pp. 122-135
Persistent link: https://www.econbiz.de/10012203051
Cover Image
Accounting method choice and market valuation in the extractive industries
Misund, Bård - In: Cogent economics & finance 5 (2017) 1, pp. 1-14
exploration activities. The implication is that two otherwise identical companies can report substantially different earnings … to evaluate oil company financial performance since cash flows are less affected by managers’ discretion than earnings … are. In this study, we investigate the relevance to investors of earnings versus cash flow for oil and gas companies. Our …
Persistent link: https://www.econbiz.de/10011887430
Cover Image
Book-to-Market Equity, Financial Leverage and the Cross-Section of Stock Returns
Obreja, Iulian - 2010
I propose a neoclassical production economy with costly external financing, partial investment irreversibility, and endogenous investment/financing decisions to rationalize and quantify the well-documented interaction between the book-to-market equity effect and the financial leverage effect in...
Persistent link: https://www.econbiz.de/10013137473
Cover Image
Untangling the Value Premium with Labor Shares
Donangelo, Andres - 2020
This paper quantifies the relative importance of labor-induced operating leverage at explaining the value premium. I extend a traditional variance decomposition methodology using labor shares to disentangle labor leverage from the value premium and from the value spread and from the variation in...
Persistent link: https://www.econbiz.de/10012853454
Cover Image
How Private Creditors Fared in Emerging Debt Markets, 1970-2000
Zettelmeyer, Jeromin; Weder, Beatrice; Klingen, Christoph - International Monetary Fund (IMF) - 2004
We estimate ex post returns to emerging market debt by combining secondary-market prices with observed flows based on World Bank data. From 1970-2000, returns averaged 9 percent per annum, about the same as returns on a ten-year U.S. treasury bond. This reflects the combined effect of the 1980s...
Persistent link: https://www.econbiz.de/10005264003
Cover Image
Stock Market Development in Sub-Saharan Africa; Critical Issues and Challenges
Adjasi, Charles Komla; Yartey, Charles Amo - International Monetary Fund (IMF) - 2007
This paper examines the economic importance of stock markets in Africa. It discusses policy options for promoting the development of the stock market in Africa. The results of the paper show that the stock markets have contributed to the financing of the growth of large corporations in certain...
Persistent link: https://www.econbiz.de/10005264024
Cover Image
Real Effects of the Subprime Mortgage Crisis; Is it a Demand or a Finance Shock?
Tong, Hui; Wei, Shang-Jin - International Monetary Fund (IMF) - 2008
We develop a methodology to study how the subprime crisis spills over to the real economy. Does it manifest itself primarily through reducing consumer demand or through tightening liquidity constraint on non-financial firms? Since most non-financial firms have much larger cash holding than...
Persistent link: https://www.econbiz.de/10005264107
Cover Image
More than words : can tone of consumer product reviews help predict firms' fundamentals?
Jin, Shunyao - In: Journal of business finance & accounting : JBFA 50 (2023) 9/10, pp. 1910-1942
Persistent link: https://www.econbiz.de/10014443321
Cover Image
Fiscal Policy and Financial Markets
Akitoby, Bernardin; Stratmann, Thomas - International Monetary Fund (IMF) - 2006
This paper introduces fiscal policy in a model of sovereign risk spreads ("spreads"). Using panel data from emerging market countries, we find that reductions in public expenditure are a more powerful tool for reducing spreads than increases in revenues. Specifically, cuts in current spending...
Persistent link: https://www.econbiz.de/10005826545
Cover Image
Seasonalities in China's Stock Markets; Cultural or Structural?
Mitchell, Jason D.; Ong, Li L. - International Monetary Fund (IMF) - 2006
In this paper, we examine returns in the Chinese A and B stock markets for evidence of calendar anomalies. We find that both cultural and structural (segmentation) factors play an important role in influencing the pricing of both A- and B-shares in China. There is some evidence of a February...
Persistent link: https://www.econbiz.de/10005768725