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This study documents a stock return premium for meeting or beating management's own earnings forecasts (MBMF) that is separate and distinct from the premium for meeting or beating analysts' earnings forecasts (MBAF) documented in prior literature. Cross-sectional analyses reveal that the MBMF...
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This study explores whether meeting or beating management forecasts is indicative of managerial talent. We find that the market reacts positively when firms meet or beat their management forecasts after controlling for meeting or beating analyst forecasts and management forecast errors. Further...
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The randomness and intermittence of wind resources is the biggest challenge in the integration of wind power into the power system. Accurate forecasting of wind power generation is an efficient tool to deal with such problem. Conventional wind power forecasting produces a value, or the...
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Environmental regulation is an important driving force of green technology innovation. In this paper, environmental policy instruments are classified into three categories: command-control, market incentive and social-will. Based on the panel data of 30 provinces in China from 2010 to 2017, a...
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Vitrimers are a novel generation of spacecraft materials. However, how to improve the atomic oxygen (AO) resistance of vitrimers remains un-explored, although it is critical for extending the lifetime of spacecraft at low earth orbit. Herein, we fabricate a series of AO resistance epoxy...
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