Residual Income Valuation and Stock Returns: Evidence From a Value‐to‐Price Investment Strategy*
ABSTRACT This paper contributes to the accounting and asset pricing anomalies literature by investigating the performance of value‐to‐price (V/P) strategies, and the relationship between V/P ratio and various risk proxies. If the V/P ratio successfully predicts future returns at stock level, we hypothesize that portfolios based on the V/P ratio ...
Ahmad Haboub +2 more
wiley +1 more source
Dynamic heterogeneity in an E. coli stress response regulon mediates gene activation and antimicrobial peptide tolerance. [PDF]
Blassick CM +4 more
europepmc +1 more source
When in Doubt, Tax More Progressively? Uncertainty and Progressive Income Taxation
ABSTRACT We study the optimal income tax problem under parameter uncertainty about household preferences and wage dynamics. We derive conditions characterizing how such uncertainty affects optimal tax policy. To quantify the effect, we estimate a life‐cycle model using US data and a Bayesian approach.
Minsu Chang, Chunzan Wu
wiley +1 more source
Single-cell approach dissecting agr quorum sensing dynamics in Staphylococcus aureus. [PDF]
Bär J +8 more
europepmc +1 more source
A Quantile Model of Firm Investment
ABSTRACT Are firms risk averse? We propose a dynamic model of firm investment under uncertainty that captures firms' risk attitudes through quantile preferences. The firm maximizes its present value, defined as current profits and investment plus the discounted value of the τ$\tau$‐quantile of its value next period.
Heitor Almeida +3 more
wiley +1 more source
Deep learning-based intelligent diagnosis and adaptive training system for university english oral proficiency. [PDF]
Chai R.
europepmc +1 more source
ABSTRACT This exploratory study investigated lexicogrammatical features associated with grade‐based differences in a corpus of 304 business papers taken from an upper‐level undergraduate course at a large North American university. Using five natural language processing tools, 719 candidate linguistic variables were analyzed for their relationship with
Randy Appel +2 more
wiley +1 more source
Heterogeneity in maternal mRNAs within clutches of eggs in response to thermal stress during the embryonic stage. [PDF]
Sato A +5 more
europepmc +1 more source
Specification Tests for Jump‐Diffusion Models Based on the Characteristic Function
Summary Goodness‐of‐fit tests are suggested for several popular jump‐diffusion processes. The suggested test statistics utilise the marginal characteristic function of the model and its L2‐type discrepancy from an empirical counterpart. Model parameters are estimated either by minimising the aforementioned L2‐type discrepancy or by maximum likelihood ...
Gerrit Lodewicus Grobler +3 more
wiley +1 more source

