We examine the joint predictability of return and cash flow within a present value framework, by imposing the implications from a long-run risk model that allow for both time-varying volatility and volatility uncertainty. We provide new evidence that the expected return variation and the variance risk premium positively forecast both short-horizon returns and dividend growth rates. We also conf...

Increased soybean seed cost in recent years has generated interest in reducing seeding rates to maintain consistent economic returns. However, low seeding rates result in reduced established plant stands with slower canopy development, and canopy development is touted as an important element of integrated weed management (IWM). IWM practices have become even more important to slow the developme...

In complex task domains, such as games, students may exceed their teachers. Such tasks afford diverse means to tradeoff one type of performance for another, combining task elements in novel ways to yield method variations and strategy discoveries that, if mastered, might produce large or small leaps in performance. For the researcher interested in the development of extreme expertise in the wil...

This study examines the economic consequences of internet financial reporting (IFR) in Taiwan. The results show that the stock prices of IFR firms change more quickly than those of the non-IFR firms using Akaike’s (1969) Final Prediction Error (FPE) methodology. Second, the results from the event study methodology show that the cumulative abnormal returns of the firms with IFR are significantly...

Fundamental economic conditions are crucial determinants of equity premia. However, commonly used predictors do not adequately capture the changing nature of economic conditions and hence have limited power in forecasting equity returns. To address the inadequacy, this paper constructs macro indices from large datasets and adaptively chooses optimal indices to predict stock returns. I find that...

We assessed the efficacy of free-ranging dogs, confined by buried fences and electronic collars, for reducing deer damage to apple trees in three commercial apple orchards in Oswego County, New York State. During 1995 and 1996, we monitored paired dog-protected and control plots in each orchard. Within dog-protected areas, the percentage of damaged buds was lower, and fruit yield was higher in ...