Showing 1 - 10 of 511
This paper evaluates various explanations for the profitability of momentum strategies documented in Jegadeesh and …
Persistent link: https://www.econbiz.de/10012471628
This paper examines the impact of unionization on profit- ability, growth and productivity using time series data on … negative union effects on profitability, but growth, productivity and the capital-labor ratio appear to be little affected by … may have longer term implications for efficiency since the impact on profitability appears to fall most heavily on firms …
Persistent link: https://www.econbiz.de/10012478115
The farm household model, in which decisions about production and consumption are made simultaneously, lies at the heart of many models of development. Empirically modelling these simultaneous choices is not straightforward. The vast majority of empirical studies assume that farm households...
Persistent link: https://www.econbiz.de/10012479160
The purpose of this paper is to treat scale economies, profit-maximizing markups, economic profitability, capacity … run profit potential from markup behavior. As a result, on average economic profits are normal, but declining … profitability is prevalent in most industries since the early 1970s. Also, although cost and revenue shares tend to be approximately …
Persistent link: https://www.econbiz.de/10012475678
Contrary to the central predictions of signaling models, changes in profits do not empirically follow changes in dividends, and firms with the least need to signal pay the bulk of dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future...
Persistent link: https://www.econbiz.de/10012453476
areas of India, and that farmers respond more strongly to the forecast where there is more forecast skill and not at all … estimated. Using the full rainfall distribution and our profit function estimates, we find that Indian farmers on average under … expected profits. Farmers who use skilled forecasts have increased average profit levels but also have more variable profits …
Persistent link: https://www.econbiz.de/10012459327
The folk wisdom is that competition reduces agency costs. We provide indirect empirical support for this view. We argue that the temptation to retain cash and engage in less productive activities is more severe for firms in less competitive industries. Hence an unanticipated increase in...
Persistent link: https://www.econbiz.de/10012471296
This paper analyses the effect of a firm's organizational capacity on the reported profitability of multinational … these results are driven by patterns consistent with profit-shifting behavior. Further, using an event study design, we find …
Persistent link: https://www.econbiz.de/10012629445
We examine the relationship between large firms and the rising profit share in a model that features oligopolistic … the profit share because it increases firm-level markups. Using data on purchases at the household-barcode level from … Nielsen, we quantify the role of consumer heterogeneity, finding that the aggregate markup and the profit share are 8 and 3 …
Persistent link: https://www.econbiz.de/10012814421
leveraging of the portfolio. While the forecasting model tended to overestimate profit and underestimate risk, the strategy was …
Persistent link: https://www.econbiz.de/10012477902