Results 261 to 270 of about 141,423 (303)
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The Journal of Investing, 2005
This article presents results showing that anomalous corporate tax rates may lead to weaker stock returns. Low effective tax rates are associated with markedly weaker future returns. This phenomenon cannot be explained totally by factors such as beta, book to market, size, momentum, or the downturn in technology stocks.
Indrani D. Basak, Michelle R. Clayman
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This article presents results showing that anomalous corporate tax rates may lead to weaker stock returns. Low effective tax rates are associated with markedly weaker future returns. This phenomenon cannot be explained totally by factors such as beta, book to market, size, momentum, or the downturn in technology stocks.
Indrani D. Basak, Michelle R. Clayman
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Preferred Stock Returns, CreditWatch, and Preferred Stock Rating Changes
Financial Review, 1990AbstractThis paper examines the announcement effects of CreditWatch placement and reratings upon a sample of preferred stock issues that were placed on CreditWatch and later rerated or affirmed by Standard & Poor's. Results indicate that CreditWatch provides information to market participants and may have reduced the surprise associated with ...
James W. Wansley +2 more
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2014
An interest rate for credit is set the same for all the borrowers and its height is especially crucial for the last marginal borrower.
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An interest rate for credit is set the same for all the borrowers and its height is especially crucial for the last marginal borrower.
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EXPECTATIONS, INTEREST RATES, AND COMMERCIAL BANK STOCKS
Journal of Financial Research, 1982AbstractThis study examines the effect of current and expected interest rate changes on bank equity values and attempts to reconcile the conflicting findings of previous research regarding this issue. A multiple index market model of bank security returns is specified and estimated.
Dennis T. Officer, James R. Booth
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Are Stocks Real Assets? Sticky Discount Rates in Stock Markets
Review of Financial Studies, 2016Local stock markets adjust sluggishly to changes in local inflation. When the local rate of inflation increases, local investors subsequently earn lower real returns on local stocks, but not on local bonds or foreign stocks, suggesting that local stock market investors use sticky long-run nominal discount rates that are too low when inflation increases
Michael Katz, Hanno Lustig, Lars Nielsen
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EXCHANGE RATE, INTEREST RATE AND STOCK MARKET: EVIDENCE FROM PAKISTAN STOCK EXCHANGE
2017The study analyzes the impact of change in exchange rate and interest rate on the volatility of stock market in Pakistan from January 2000 to December 2015 on weekly basis. The result clearly indicates the existence of ARCH and GRACH effect, and further, change in exchange rate is a source that can enhance the volatility of equity markets in Pakistan ...
Quayyoum, Sobia +2 more
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Exchange Rate Dynamics with Stock/Flow Interaction
Journal of Political Economy, 1977The paper examines the adjustment of the exchange rate and domestic prices to a monetary change under flexible exchange rates. The emphasis is on the dynamic interaction between the classical stock aspects, stressed by the monetary approach, and the flow aspects, stressed by the elasticity approach.
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Effects of Interest Rates and Exchange Rates on Bank Stock Returns
2016This research attempts to investigate the effects of changes in interest rates (IR) and foreign exchange rates (FX) on bank stock returns (BSR) in the context of Kenya. Further, it will investigate the effects of actual interest and exchange rates on bank stock returns.
Katsikas, E., Brahma, S., Wangeci, S.M.
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INFLATION AND RATES OF RETURN ON COMMON STOCKS
The Journal of Finance, 1976THERE WOULD SEEM to be little doubt that if one had surveyed academic and nonacademic students of the stock market in the year 1968 that one would have found wide agreement with the proposition that rates of return on common stocks move directly with the rate of inflation.
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An inventory model with both stock-dependent demand rate and stock-dependent holding cost rate
International Journal of Production Economics, 2014Abstract In this paper, we develop an inventory model under a stock-dependent demand rate and stock-dependent holding cost rate with relaxed terminal conditions. Shortages are allowed and partially backlogged in the model. The purpose of this study is to determine the optimal order quantity and the ending inventory level such that the total profit ...
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