This paper attempts to assemble evidence for the relationship between the product and the financial market. Drawing back on work in industrial organization, we analyze the relationship between profit persistence and expected stock returns. We show that long-run profit persistence together with...

Despite being considered as a key instrument of the agricultural development policy, the investment support has received only limited attention in the Czech economic literature. The objective of this paper is to assess economic effects of the measure 121 “Modernisation of Agricultural...

We consider the general situation of fitting an assumed nonlinear regression model which is possibly misspecified. The minimax designs for both response prediction and extrapolation in biased nonlinear regression models are discussed. We extend previous work of others from linear response or a...