Showing 1 - 10 of 1,587
The paper studies the persistence of profit and its determinants in emerging markets. We apply Markov chain analysis … empirical results show a moderate level of profit persistence, as well as a relatively low speed of adjustment to the steady …-state profit level, thus providing no support for the hypothesis that there is a lower persistence of profits in emerging markets …
Persistent link: https://www.econbiz.de/10010271081
Persistent link: https://www.econbiz.de/10014334703
Gewinn erklärt und behandelt wird, um daraus eine Arbeitsdefinition der Gewinnkomponenten abzuleiten. Andererseits wird … darauf basierend die Distribution von Gewinnen diskutiert und behauptet, dass der Gewinn zunächst einmal der Unternehmung …The paper deals with the profit of the firm and its theoretical explanations. Starting with the usual understanding of …
Persistent link: https://www.econbiz.de/10014476164
) that profit signals and rewards successful value creation, since it expresses that the customers' voluntary willingness to …
Persistent link: https://www.econbiz.de/10011815541
We analyse daily lead-lag patterns in US equity and credit default swap (CDS) returns. We first document that equity returns robustly lead CDS returns. However, we find that the CDS-lag is due to common (and not firm-specific) news and arises predominantly in response to positive (instead of...
Persistent link: https://www.econbiz.de/10010326281
Earnings forecasts can be useful for investment decisions. Research on earnings forecasts has focused on forecast … determine the value of the forecast and also investigate to what extent the timing of the forecast can be modeled. We propose a … clear drivers of the value and the timing of the earnings forecast. We thus show that not only the forecasts themselves are …
Persistent link: https://www.econbiz.de/10010326351
In this study, we develop a technique for estimating a firm’s expected cost of equity capital derived from analyst consensus forecasts and stock prices. Building on the work of Gebhardt/Lee/-Swaminathan (2001) and Easton/Taylor/Shroff/Sougiannis (2002), our approach allows daily estimation,...
Persistent link: https://www.econbiz.de/10010316291
different firms and firms employing cooperative workers make strictly positive profits. Profit differences across firms persist …
Persistent link: https://www.econbiz.de/10010276699
countries, we find remarkable differences in forecast accuracy, and show that they are partly related to geography and …
Persistent link: https://www.econbiz.de/10010299102
countries, we find remarkable differences in forecast accuracy, and show that they are partly related to geography and …
Persistent link: https://www.econbiz.de/10011604624