Similar Search Results

Measuring the Economic Effect of Global Warming on Viticulture Using Auction, Retail, and Wholesale Prices

Ashenfelter, Orley C. - 2010

Although auction prices are based on actual transactions, they provide a thick market only for high quality, expensive wines and may overestimate climate's effect on farmer revenues. Wholesale prices, on the other hand, do provide broad coverage of all wines sold and probably come closest to...

Persistent link: https://www.econbiz.de/10012462615

Changing Times, Changing Values : A Historical Analysis of Sectors within the US Stock Market 1872-2013

Bunn, Oliver D. - 2014

We construct a price, dividend, and earnings series for the Industrials sector, the Utilities sector, and the Railroads sector from the beginning of the 1870s until the beginning of the year 2013 from primary sources. To infer about mispricings in the sector markets over more than a century, we...

Persistent link: https://www.econbiz.de/10012458297

Forecasting Profitability

Rosenzweig, Mark - 2013

areas of India, and that farmers respond more strongly to the forecast where there is more forecast skill and not at all … when there is no skill. We show, using an IV strategy in which the Indian government forecast of monsoon rainfall serves as … estimated. Using the full rainfall distribution and our profit function estimates, we find that Indian farmers on average under …

Persistent link: https://www.econbiz.de/10012459327

Fund Flows and Income Risk of Fund Managers

Cen, Xiao; Dou, Winston Wei; Kogan, Leonid; Wu, Wei - National Bureau of Economic Research - 2023

Investment fund managers make asset allocation decisions on behalf of a significant segment of US households. To elucidate the incentives they operate under, as well as the income and career risks they face, we construct a unique and novel dataset, which encompasses detailed information on the...

Persistent link: https://www.econbiz.de/10014447307

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

Earnings and Dividend Announcements is there a Corroboration Effect?

Kane, Alex - 1983

We examine abnormal stock returns surrounding contemporaneous earnings and dividend announcements in order to determine whether investors evaluate the two announcements in relation to each other.We find that there is a statistically significant interaction effect.The abnormal return...

Persistent link: https://www.econbiz.de/10012477849

Unionism, Price-Cost Margins, and the Return to Capital

Freeman, Richard B. - 1983

This paper examines available industry data on two profitability measures, the price-cost margin and the ratio of quasi-rents to capital, for the purpose of determining the effect of unionism on profits. It finds that unionism reduces profitability and that this effect occurs in highly...

Persistent link: https://www.econbiz.de/10012477936

Corporate Earnings and the Equity Premium

Longstaff, Francis - 2003

Corporate cash flows are highly volatile and strongly procyclical. We examine the asset-pricing implications of the sensitivity of corporate cash flows to economic shocks within a continuous-time model in which dividends are a stochastic fraction of aggregate consumption. We provide closed-form...

Persistent link: https://www.econbiz.de/10012468640

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,...

Persistent link: https://www.econbiz.de/10012470416

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

1
2
3
4
5
6
7
8
9
10
Next
Last