Showing 1 - 10 of 2,538
Persistent link: https://www.econbiz.de/10009752190
I propose a neoclassical production economy with costly external financing, partial investment irreversibility, and endogenous investment/financing decisions to rationalize and quantify the well-documented interaction between the book-to-market equity effect and the financial leverage effect in...
Persistent link: https://www.econbiz.de/10013137473
Persistent link: https://www.econbiz.de/10003458840
Persistent link: https://www.econbiz.de/10013350125
Persistent link: https://www.econbiz.de/10003905858
Persistent link: https://www.econbiz.de/10010233291
Persistent link: https://www.econbiz.de/10010467555
A principal-components analysis demonstrates that common earnings factors explain a substantial portion of rm …-level earnings variation, implying earnings shocks have substantial systematic components and are not almost fully diversifiable as … prior literature has concluded. Furthermore, the principal components of earnings and returns are highly correlated …
Persistent link: https://www.econbiz.de/10013121217
with earnings potential, growth rate of firm, dividend payout ratios and trading stock price. The standard deviation on …
Persistent link: https://www.econbiz.de/10012493804
Persistent link: https://www.econbiz.de/10011946663