The variation of economic risk premiums

WE Ferson, CR Harvey - Journal of political economy, 1991 - journals.uchicago.edu
This paper provides an analysis of the predictable components of monthly common stock
and bond portfolio returns. Most of the predictability is associated with sensitivity to …

Is doing good good for you? How corporate charitable contributions enhance revenue growth

B Lev, C Petrovits… - Strategic management …, 2010 - Wiley Online Library
This study examines the impact of corporate philanthropy growth on sales growth using a
large sample of charitable contributions made by US public companies from 1989 through …

Empirical tests of the consumption‐oriented CAPM

DT Breeden, MR Gibbons… - The Journal of …, 1989 - Wiley Online Library
The empirical implications of the consumption‐oriented capital asset pricing model
(CCAPM) are examined, and its performance is compared with a model based on the market …

The risk and return from factors

LKC Chan, J Karceski, J Lakonishok - Journal of financial and …, 1998 - cambridge.org
The ability to identify which factors best capture systematic return covariation is central to
applications of multifactor pricing models. This paper uses a common data set to evaluate …

Unusual patterns in reported earnings

JK Thomas - Accounting Review, 1989 - JSTOR
Carslaw [1988] provides evidence that New Zealand firms may round up earnings when
they are just below reference points denoted by NX 10k. He observes more zeros and fewer …

An evaluation of alternative measures of corporate tax rates

GA Plesko - Journal of Accounting and Economics, 2003 - Elsevier
This paper examines the ability of financial statement measures of average and marginal tax
rates (MTR) to capture tax attributes utilizing firm-level tax and financial data. The results …

Economic consequences of accounting standards: The lease disclosure rule change

EA Imhoff Jr, JK Thomas - Journal of Accounting and Economics, 1988 - Elsevier
We examine capital structure changes to investigate the impact of SFAS No. 13 on lessees.
While this accounting standard essentially rearranged capital lease disclosures (from …

The integration of commercial real estate markets and stock markets

DC Ling, A Naranjo - Real Estate Economics, 1999 - Wiley Online Library
This paper tests whether commercial real estate markets (both exchange‐traded and non‐
exchange‐traded) are integrated with stock markets using multifactor asset pricing models …

Economic tracking portfolios

OA Lamont - Journal of Econometrics, 2001 - Elsevier
An economic tracking portfolio is a portfolio of assets with returns that track an economic
variable. Monthly returns on stocks and bonds help forecast post-war US output …

Analysts' interpretation and investors' valuation of tax carryforwards

E Amir, T Sougiannis - Contemporary Accounting Research, 1999 - Wiley Online Library
We examine how financial analysts and equity investors incorporate information on deferred
taxes from carryforwards into earnings forecasts and share prices. We focus on …