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in profit margin helps in predicting future profitability. For oil and gas firms, we disaggregate return on assets in the … full cost method, we show that change in asset turnover does not help predict future profitability whereas our efficiency … measure based on DEA is useful in forecasting future profitability. On the other hand, for firms that use the successful …
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Empirical evidence on the out-of-sample performance of asset-pricing anomalies is mixed so far and arguably is often subject to data-snooping bias. This paper proposes a method that can significantly reduce this bias. Specifically, we consider a long-only strategy that involves only published...
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valuation. In our empirical application, we use 𝑄 to relate analyst forecasts to stock returns and measure the profitability of …
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This paper analyzes empirically the relation between financial analysts' recommendation profitability and their … between accuracy and recommendation profitability …
Persistent link: https://www.econbiz.de/10012973531