Worker Betas: Five Facts about Systematic Earnings Risk
نویسندگان
چکیده
منابع مشابه
Earnings Announcements and Systematic Risk
Firms scheduled to report earnings earn an annualized abnormal return of 9.9%. We propose a risk-based explanation for this phenomenon, in which investors use announcements to revise their expectations for non-announcing rms, but can only do so imperfectly. Consequently, the covariance between rm-speci c and market cash-ow news spikes around announcements, making announcers especially risky....
متن کاملCorporate Earnings: Facts and Fiction
I nvestors’ con dence in the quality and integrity of corporate nancial reports has been seriously shaken of late. The ever-increasing procession of headlines about fraudulent earnings, in ated asset values and understated liabilities reported by erstwhile leading companies—the likes of Enron, Tyco, WorldCom, Xerox and a host of lesser household names, all audited by major accounting rms—...
متن کاملLocation, Location, Location: Five Facts about Tissue Tropism and Pathogenesis
Infectious disease burden remains high [1]. An improved knowledge of host–microorganism interactions is key to delineating disease progression and developing new control and treatment modalities. Microorganisms may be pathogenic (able to cause disease) or non-pathogenic (unable to cause disease). Disease severity is influenced by host and pathogen factors; in particular, pathogens may express d...
متن کاملFive Facts About Prices: A Reevaluation of Menu Cost Models
We establish five facts about prices in the U.S. economy: 1) The median implied duration of consumer prices when sales are excluded at the product level is between 8 and 11 months. The median implied duration of finished goods producer prices is 8.7 months. 2) One-third of regular price changes are price decreases. 3) The frequency of price increases responds strongly to inflation while the fre...
متن کاملSome assumptions and facts about arithmetic facts
In the present review we will deal with the following questions: What are arithmetic facts? How are they related to other cognitive functions? What are characteristic features of fact retrieval performance in healthy adult subjects? Which typical patterns of breakdown can be observed in acalculia? How do current models account for the representation of and access to arithmetic facts?
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: American Economic Review
سال: 2017
ISSN: 0002-8282
DOI: 10.1257/aer.p20171094