This paper evaluates various explanations for the profitability of momentum strategies documented in Jegadeesh and …

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 …

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 …

strongly predicts higher, more persistent, and less volatile profitability; and higher abnormal stock returns--findings that … uncertainty, lower investor attention, and greater sensitivity of future profitability to InnOrig. This evidence suggests that …

, profitability, investment, and stock returns for firms in the 'crisis' country as well as competitors in the rest of the world … operating-profit growth rates about 15%-25% higher than competitors in other countries; 3) The effect of devaluations on fixed …