The Good News and the Bad News About Long-Run Stock Market Returns

Good News or Bad News? Let the Market Decide

News stories about publicly traded companies are labeled positive or negative according to price changes of the company stock. It is shown that models based on lexical features can distinguish good news from bad news with accuracy of about 70%. Unfortunately, this works only when stories are labeled according to cotemporaneous price changes but does not work when they are labeled according to s...

The Good News and the Bad News

There is much that is attractive about Michael Burawoy’s examination of the critical turn to a public sociology. I find plausible his account of the academic nature of 1970s radical sociology especially that mobilized notions such as Althusser’s “theoretical practice.” I also was cheered to read the account of the positive developments currently in train in the USA and especially with how socia...

Good News and Bad News about Share Repurchases*

We estimate the cross-sectional relationship between open market repurchases and accounting data for a large sample of dividend-paying and non-dividend-paying firms over a twelve year period (1984-95). Consistent with the hypothesis that firms use open market repurchases to reduce the agency costs of free cash flow, we find that repurchases are positively related to proxies for free cash flow a...

hiv/aids good news and bad news

Good and Bad News about Ebola

Filoviruses have been known to science and medicine since 1967 (Marburg virus) and 1976 (Ebola virus). Since then, more than 30 independent transmission events have been documented between the zoonotic world and the human world, and more than 2,300 human cases have been recorded [1]. The outbreak that began inWest Africa in 2014, however, has changed the equation considerably; although it began...