This paper proposes a continuous-time heterogeneous agent model of investor behaviour consisting of fundamentalist, contrarian, momentum and market maker strategies to study their impact on market stability and profitability. The underlying stochastic delay integro-differential equation model provides a unified approach to model different time horizons of momentum and contrarian strategies, whi...

China’s industrial state-owned enterprises (SOEs) are commonly perceived as performing poorly. This leads authors to conclude that SOE reform so far has been a failure, and to recommend all-out privatization. Industrial SOE profitability indeed declined drastically in the course of the reform period, and industrial SOEs are always less profitable than industrial non-SOEs. However, the gap betwe...

abstract this study aims at profitability prediction of listed companies in tehran stocks exchange (tse), using artificial neural network. the respected sample consists of 90 firms from 2002  to 2009 (720 firm/years). attention to the framework of study reduced the number of 720 firm/years to 630 firm/years. these firms separated in two groups of learning sample (540 firm/years) and test sample...

European Union countries have implemented widespread reforms to product markets in order to stimulate competition, innovation and economic growth. We provide empirical evidence that the reforms carried out under the EU Single Market Programme (SMP) were associated with increased product market competition, as measured by a reduction in average profitability, and with a subsequent increase in in...

This study considered the production economics of coffee in Pakuwa village development committee of Parbat district, Nepal. Household Survey was done in June 2014. Data collection was done using semi-structured pre-tested questionnaire administered on 40 coffee producers selected randomly. Gross margin analysis, profitability index and the benefit-cost ratio was used to analyze the production e...

Abstract This work tackles from an empirical perspective the widely debated relationship between sustainability in business practices and profitability, focusing on a sample of listed European firms. To measure extent sustainable at firm level, Comprehensive Environmental, Social, Governance (ESG) score is proposed. The indicator, computed using Mazziotta‐Pareto method, combines qualitative rat...

This paper examined the impact of profitability, leverage, management ownership, and dividend payout ratio on income smoothing companies listed in IDX range 2015-2020 based Eckel Index. The lower Index higher intensity vice versa. hypothesis proposed were tested by a multiple regression analysis. research concluded that return asset, debt to capital ratio, have significant positive impacts It i...

This paper studies whether the investment intensity of R&D expenses listed companies can improve profitability enterprises. The data indicators from 2015 to 2017 are obtained by using CSMAR database. is divided into two indicators: relative number index and absolute index, regression analysis carried out establishing econometric model investment. It found that has a positive effect on There...

This paper investigates the performance and characteristics of survivor stocks in S&P 500 index. Using both in-sample out-of-sample comparisons, outperformed this market index by a considerable margin. Relative to other companies, tend be small-value that exhibit high profitability invest conservatively. Surprisingly, loser with negative exposure momentum factor. Further analyses show volat...

A conceptual framework for analyzing the credit rationing and the link between credit access and profitability is developed. The empirical analysis using data from manufacturing firms in Bulgaria, provides direct estimates of credit rationing and its impact on profitability in transition economies. The results from the switching regression suggest that the presence of credit market constraints ...