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Industrial profits in the United States
Epstein, Ralph C. - 1934
Persistent link: https://www.econbiz.de/10001462637
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Greed? Profits, Inflation, and Aggregate Demand
Bilbiie, Florin Ovidiu; Känzig, Diego R. - National Bureau of Economic Research - 2023
Amidst the recent resurgence of inflation, this paper investigates the interplay of corporate profits and income distribution in shaping inflation and aggregate demand within the New Keynesian framework. We derive a novel analytical condition for profits to be procyclical and inflationary....
Persistent link: https://www.econbiz.de/10014337850
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Earnings Quality and Stock Returns
Chan, Konan - 2001
An exclusive focus on bottom-line income misses important information about the quality of earnings. Accruals (the … difference between accounting earnings and cash flow) are reliably, negatively associated with future stock returns. Earnings … increases that are accompanied by high accruals, suggesting low-quality earnings, are associated with poor future returns. We …
Persistent link: https://www.econbiz.de/10012470416
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Neutralizing the Adverse Industry Impacts of CO2 Abatement Policies : What Does it Cost?
Bovenberg, A. Lans - 2000
The most cost-effective policies for achieving CO2 abatement (e.g., carbon taxes) fail to get off the ground politically because of unacceptable distributional consequences. This paper explores CO2 abatement policies designed to address distributional concerns. Using an intertemporal numerical...
Persistent link: https://www.econbiz.de/10012471113
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Capital Gains Taxes and Stock Reactions to Quarterly Earnings Announcements
Blouin, Jennifer L. - 2000
responses to earnings releases. The results imply that shares trade at higher (lower) prices when individual investors face …
Persistent link: https://www.econbiz.de/10012471123
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If at First You Don't Succeed... : Profits, Prices and Market Structure in a Model of Quality with Unknowable Consumer Heterogeneity
Krishna, Kala - 2000
Why are higher quality niches seen as intrinsically more profitable in business circles? Why do high quality products sometimes have a low real price, while it is unusual to see low quality products with high real prices? Can markets have quality differentiation as well as quality bunching? In...
Persistent link: https://www.econbiz.de/10012471282
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Fiscal Policy, Profits, and Investment
Alesina, Alberto - 1999
This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. In particular, we investigate how different types of fiscal policy affect profits and , as a result, investment. We find a sizable negative effect of public spending -- and in particular of its...
Persistent link: https://www.econbiz.de/10012471581
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Profitability of Momentum Strategies : An Evaluation of Alternative Explanations
Jegadeesh, Narasimhan - 1999
This paper evaluates various explanations for the profitability of momentum strategies documented in Jegadeesh and Titman (1993). The evidence indicates that momentum profits have continued in the 1990's suggesting that the original results were not a product of data snooping bias. The paper...
Persistent link: https://www.econbiz.de/10012471628
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Damages and Injunctions in the Protection of Proprietary Research Tools
Schankerman, Mark - 1999
Profit on proprietary research tools is determined partly by the remedies for infringement, such as damages and injunctions. We investigate how damages under a liability rule and the opportunity for injunctions under a property rule can affect the incentives to develop research tools. We show...
Persistent link: https://www.econbiz.de/10012471710
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The Profits to Insider Trading : A Performance-Evaluation Perspective
Jeng, Leslie A. - 1999
This paper estimates the profits to insiders when they trade their company's stock. We construct a rolling purchase portfolio' that holds all shares purchased by insiders over the previous year and an analogous sale portfolio' that holds all shares sold by insiders over the previous year. We...
Persistent link: https://www.econbiz.de/10012471898