predict future earnings, profitability, future news announcements, and even future firm-level bankruptcies; meanwhile firms …

average firm has more cash than long-term debt. Measuring profitability by the ratio of earnings to assets, the average firm …

We analyze a comprehensive sample of more than 10,000 U.S. OTC stocks. We provide much needed descriptive evidence on … this market and show that the OTC market is a large, diverse, and dynamic trading environment with a rich set of regulatory … richness of the OTC market and analyze two key dimensions of market quality, liquidity and crash risk, across firms and …

Over-the-counter (OTC) stocks are far less liquid, disclose less information, and exhibit lower institutional holdings …. Compared to premiums in listed markets, the OTC illiquidity premium is several times higher, the size, value, and volatility … premiums are similar, and the momentum premium is three times lower. The OTC illiquidity, size, value, and volatility premiums …

acquisition target based on its productivity level, profitability and other characteristics and whether the performance of … acquisitions improved target firms%u2019 productivity and profitability significantly more and quicker than acquisitions by … domestic firms.Moreover, we find that there is no positive impact on target firms%u2019 profitability in the case of both …