Results 111 to 120 of about 260,767 (259)
Global Oil and Gas Stocks: Anomalies, Systematic Risks and Mispricing
International Journal of Finance &Economics, EarlyView.ABSTRACT We analyse anomaly and factor risk premia in the global oil and gas (OG) sector, which plays a central role in the global economy through its importance for energy supply, industrial production, and capital markets. Using firm‐level and portfolio data, we examine whether cross‐sectional return patterns reflect systematic risk compensation or ...
Nader Virk +3 more
wiley +1 more source
International Journal of Finance &Economics, EarlyView.ABSTRACT Utilising annual data covering 1995–2022, this study examines the effects of market liberalisation on bank performance in 19 South and Southeast Asian countries. Bank performance is assessed using three dimensions: efficiency, profitability, and stability.
Michael Enowbi Batuo +3 more
wiley +1 more source
Industry Signals and the Dynamics of Stock Market Predictability
International Journal of Finance &Economics, EarlyView.ABSTRACT We investigate whether industry portfolios contain information that forecasts aggregate stock market returns. Earlier research reports evidence of their usefulness as predictors, yet later studies find weaker and unstable effects. Using updated U.S.
Michael Ellington +2 more
wiley +1 more source
Relative Accuracy of Judgmental and Extrapolative Methods in Forecasting Annual Earnings [PDF]
This paper identifies and analyses previously published studies on annual earnings forecasts. Comparisons of forecasts produced by management, analysts, and extrapolative techniques indicated that: (1) management forecasts were superior to professional ...
JS Armstrong
core
Striking a Bargain: Narrative Identification of Wage Bargaining Shocks
Journal of Applied Econometrics, EarlyView.ABSTRACT Wage markup shocks, an important driver of business cycles, are hard to pin down. We quantify the importance of exogenous variation in wage bargaining power, one source of those shocks, from German minimum wage introduction episodes and strikes. This disciplines the impulse responses of unemployment and output, and sharpens inference for other
Žymantas Budrys +2 more
wiley +1 more source
Short-term returns and the predictability of Finnish stock returns [PDF]
The predictability of Finnish stock returns is studied using the framework of Ferson and Harvey (1993). We use a conditional asset pricing model where risk premia and risk sensitivities are conditioned on a range of financial information variables.
Vaihekoski, Mika
core
Performance Measures, Discretionary Accruals, and CEO Cash Compensation
Journal of Corporate Accounting &Finance, EarlyView.ABSTRACT This paper examines the relative weights assigned to three performance measures—stock returns, accounting earnings, and operating cash flows—in determining executive cash compensation. We find that returns receive the highest weight, followed by earnings, while cash flows carry the least weight.
Ya Dai, Harrison Liu, Jennifer Yin
wiley +1 more source
Explaining Returns-earnings Relation:The Role of Predictability
, 2013 自Ball與Brown於1968年提出報酬和盈餘為存在正向關係的實證研究後，陸續有許多文獻利用不同模型從各種觀點來解釋該關係；本論文藉由分析個別公司以及市場整體測試的實證結果，了解投資人對盈餘的預測能力是否能有效解釋報酬與盈餘之關係。 本研究之實證結果簡述如下： (1) 市場整體報酬與盈餘之正向關係較個別公司報酬與盈餘之正向關係明顯。 (2) 投資人對於個別公司之盈餘預測能力較佳。 (3) 當投資組合中加入越多公司，投資人對該投資組合之盈餘預測能力下降。由以上實證結果可推論 ...
Chang, Yun-Hsuan, 張芸軒
core
Strategic Change, EarlyView.ABSTRACT Digital platform (DP) enterprises have risen to the top of the global economy by inverting traditional business models. They earn money through matchmaking, transaction facilitation, and efficient orchestration of other stakeholders' resources.
Lukas R. G. Fitz, Jochen Scheeg
wiley +1 more source
Strategic Change, EarlyView.ABSTRACT This paper considers the tensions between different organizational strategic decision‐making approaches at various levels of uncertainty. Of particular focus are the mechanisms for defaulting to lower uncertainty, from the Cynefin framework's unordered chaotic and complex domains to the more ordered complicated and obvious domains.
Richard J. Logan +3 more
wiley +1 more source