(1) It decreases following macroeconomic news announcements; (2) it does not change systematically during the high-news months when firms announce quarterly earnings; and (3) it increases substantially with our measures of dispersion-in-beliefs across traders about the market's common-factor signal...
美 英 na.【经】收获递增 网络报酬递增;收益递增;边际效益递增 英汉 网络释义 na. 1. 【经】收获递增 释义: 全部,收获递增,报酬递增,收益递增,边际效益递增
The model shows that the total effect of education on income inequality can be decomposed into factor price effect and factor composition effect. While the former widens the magnitude of income inequality, the latter tends to narrow it. However, the total effect is still the rising of inequality...
We study the information content of two new return factors, the investment factor (IA) and the return-on-equity factor (ROE), as proposed by Chen, Novy-Mar... Z Wang - 《Financial Management》 被引量: 7发表: 2013年 Optimal Execution of Time-Constrained Portfolio Transactions Time-constraine...
where the dependent variable is the abnormal annual return from the Fama and French (2015) five-factor model (FF Returns).TAXis alternately the annualTax surprise(Thomas and Zhang2011) or the ratio of taxable income to book income (Tax/Book) (Lev and Nissim2004), both of which are tax me...
throughouteconomicsandfinance. It is the reason that riskierbondspay highercouponsthan other bonds. It is also the reason that bonds pay lower returns than most stocks because they are a less risky investment. TheMarkowitz Portfolio Theoryattempts to mathematically identify theportfoliowith the highest...
The analysis takes the form of estimating (regressing) a total factor productivity index on non· conventional inputs which include research and extension expenditures as arguments. It is estimated that the marginal rate of return to investment in research and extension in Pakistan is 65 percent...
1) return tradeoff factor 收益均衡因子1. Applying the thought of value function of prospect theory in behavior economics,we put forward the conception of value deviation and introduce the return tradeoff factor,setup the minimizing combined absolute value deviation model and the maximizing value ...
” In the case of the eXtreme Science and Engineering Discovery Environment (XSEDE) project, discussed here, the ability to offer a quick, reasonable answer about XSEDE’s financial effectiveness was a critical factor in the facility being renewed for the maximum time permitted by the policies...
Laptop encryption mitigates the PII exposure risk, lowering the exposure factor from 100% (the laptop and all data) to 10% (just the laptop hardware). The lower Exposure Factor lowers the Annualized Loss Expectancy from $275,000 to $27,500, as shown in Table 2.7. Table 2.7. Annualized ...