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The Quarterly Journal of Business and Economics presents scholarly articles in finance, accounting, economics, management and marketing.
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The Differential Predictive Ability of Opaque and Transparent Firms' Earnings Numbers.
June 22, 1999... We partition a sample of firms into those with earnings that depend primarily on the realization of investment opportunities (i.e., opaque) and those with earnings that depend more on the effective use of assets in place (i.e., transparent)....
Delayed Reaction in Stocks with the Characteristics of Past Winners: Implications for Momentum, Value, and Institutional Following.
June 22, 1999... Drew B. Winters [*]
The common characteristics of extreme past winners form a unique synthesis of the return-momentum, earnings-momentum, and value strategies. We find that stocks that satisfy these characteristics produce significant...
Operating Characteristics and Operating Risk: Additional Empirical Evidence.
June 22, 1999... Richard A. Lord [*]
This study provides additional evidence on the relationship between firm operating characteristics and operating risk, defined as the systematic risk of unlevered cash flows. The relevant operating characteristics are...
The Determinants of Relative Price Variability.
June 22, 1999... University of Georgia [*]
This paper investigates how the variability of relative price changes (RPV) is associated with various aspects of inflation. Expected inflation, unexpected inflation, and, to a lesser extent, inflation uncertainty...