Цель статьи заключается в выявлении специфики формирования и функционирования рынка нематериальных благ. Использованы положения трудовой теории стоимости об...

The notion of material object of the crime belongs in the first place to the doctrine and in the second place to the legislator since the adoption and entry into force of the criminal legal procedures have been preceded by many controversies and debates in theory, which led to the...

While aggregate earnings should affect aggregate stock returns, standard portfolio theory predicts that the cross-sectional dispersion in firm-level earnings would not affect aggregate stock returns. Nonetheless, this paper demonstrates a surprisingly robust relation between cross-sectional...

This paper studies the effects of capacity utilization on accounting profit margins and stock returns. Since accounting profit margins represent the average profit per unit and not the economists' concept of unit contribution margin, the marginal/variable profit per unit, a firm with idle...

This paper studies the relation between aggregate stock returns and contemporaneous and future cross-sectional earnings dispersion. We hypothesize that increases in expected earnings dispersion signal increases in uncertainty and increases in unemployment, thereby causing expected returns to...