The effects of inflation adjustments of corporate earnings on market prices were tested by cross section regressions of … negligible. The implication of the results is that market investors use a range of adjustments for the effects of inflation which … the later period 1972-76 than in the earlier period 1966-71. This seemed inconsistent with the higher inflation rates in …

This study aims to determine the impact of inflation, Earning per Share (EPS), Price Earnings Ratio (PER) on stock … methods of analysis used multiple regression method. The results showed simultaneously that inflation, Earning Per Share (EPS …), Price Earnings Ratio (PER) had a significant impact on stock prices. But only partially inflation of no significant impact …

This paper revisits the equilibrium and welfare effects of long-run inflation in the presence of distortionary taxes … and financial constraints. Expected inflation interacts with corporate taxation through the deductibility of i) capital … expenditures at historical value and ii) interest payments on debt. Through the first channel, inflation increases firms' taxable …

This paper revisits the equilibrium and welfare effects of long-run inflation in the presence of distortionary taxes … and financial constraints. Expected inflation interacts with corporate taxation through the deductibility of i) capital … expenditures at historical value and ii) interest payments on debt. Through the first channel, inflation increases firms' taxable …

Gross profit scaled by book value of total assets predicts the cross-section of average returns. Novy-Marx (2013 … potential explanation for the measure's predictive ability is that its numerator - gross profit - is a “cleaner” measure of … economic profitability. An alternative explanation lies in the measure's deflator. We find that net income equals gross profit …

We investigate the monetary linkage between aggregate accounting profitability changes and inflation. Recent previous … (i.e., real riskless rate, expected inflation, and expected equity risk premium) further supporting the theory of … aggregate profitability changes and inflation growth. The paper examines simultaneously the causal relations among aggregate …

The effects of inflation adjustments of corporate earnings on market prices were tested by cross section regressions of … negligible. The implication of the results is that market investors use a range of adjustments for the effects of inflation which … the later period 1972-76 than in the earlier period 1966-71. This seemed inconsistent with the higher inflation rates in …