Results 1 - 10 of 19,801

Risks for the long run: A potential resolution of asset pricing puzzles

by Ravi Bansal, Amir Yaron - JOURNAL OF FINANCE , 1994
"... We model consumption and dividend growth rates as containing (i) a small long-run predictable component and (ii) fluctuating economic uncertainty (consumption volatility). These dynamics, for which we provide empirical support, in conjunction with Epstein and Zin’s (1989) preferences, can explain ke ..."
Abstract - Cited by 761 (63 self) - Add to MetaCart
We model consumption and dividend growth rates as containing (i) a small long-run predictable component and (ii) fluctuating economic uncertainty (consumption volatility). These dynamics, for which we provide empirical support, in conjunction with Epstein and Zin’s (1989) preferences, can explain

The theory and practice of corporate finance: Evidence from the field

by John R. Graham, Campbell R. Harvey - Journal of Financial Economics , 2001
"... We survey 392 CFOs about the cost of capital, capital budgeting, and capital structure. Large firms rely heavily on present value techniques and the capital asset pricing model, while small firms are relatively likely to use the payback criterion. We find that a surprising number of firms use their ..."
Abstract - Cited by 725 (23 self) - Add to MetaCart
their firm risk rather than project risk in evaluating new investments. Firms are concerned about maintaining financial flexibility and a good credit rating when issuing debt, and earnings per share dilution and recent stock price appreciation when issuing equity. We find some support for the pecking

An introduction to Kolmogorov Complexity and its Applications: Preface to the First Edition

by Ming Li, Paul Vitanyi , 1997
"... This document has been prepared using the L a T E X system. We thank Donald Knuth for T E X, Leslie Lamport for L a T E X, and Jan van der Steen at CWI for online help. Some figures were prepared by John Tromp using the xpic program. The London Mathematical Society kindly gave permission to reproduc ..."
Abstract - Cited by 2138 (120 self) - Add to MetaCart
to reproduce a long extract by A.M. Turing. The Indian Statistical Institute, through the editor of Sankhy¯a, kindly gave permission to quote A.N. Kolmogorov. We gratefully acknowledge the financial support by NSF Grant DCR8606366, ONR Grant N00014-85-k-0445, ARO Grant DAAL03-86-K0171, the Natural Sciences

Determinants of perceived ease of use Integrating Control, Intrinsic Motivation, and Emotion into the Technology Acceptance Model.

by Viswanath Venkatesh - Information Systems Research , 2000
"... M uch previous research has established that perceived ease of use is an important factor influencing user acceptance and usage behavior of information technologies. However, very little research has been conducted to understand how that perception forms and changes over time. The current work pres ..."
Abstract - Cited by 493 (2 self) - Add to MetaCart
-month period. The proposed model was strongly supported at all points of measurement, and explained up to 60% of the variance in system-specific perceived ease of use, which is twice as much as our current understanding. Important theoretical and practical implications of these findings are discussed

The Economic Implications of Corporate Financial Reporting

by John R. Graham , Campbell R. Harvey , Shiva Rajgopal , 2004
"... We survey 401 financial executives, and conduct in-depth interviews with an additional 20, to determine the key factors that drive decisions related to reported earnings and voluntary disclosure. The majority of firms view earnings, especially EPS, as the key metric for outsiders, even more so than ..."
Abstract - Cited by 369 (17 self) - Add to MetaCart
We survey 401 financial executives, and conduct in-depth interviews with an additional 20, to determine the key factors that drive decisions related to reported earnings and voluntary disclosure. The majority of firms view earnings, especially EPS, as the key metric for outsiders, even more so than

Stock Markets, Banks, and Economic Growth

by Ross Levine, Sara Zervos , 1998
"... This paper -- a product of the Finance and Private Sector Development Division, Policy Research Department -- is pa't of a larger effort in the department to understand the links between the financial system and economic growth. The study was funded by the Bank's Research Support Budget un ..."
Abstract - Cited by 351 (20 self) - Add to MetaCart
This paper -- a product of the Finance and Private Sector Development Division, Policy Research Department -- is pa't of a larger effort in the department to understand the links between the financial system and economic growth. The study was funded by the Bank's Research Support Budget

Gender, Agricultural Productivity and the Theory of the Household

by Christopher Udry, I Thank Joe Altonji, Richard Blundell, Bob Evenson, Alan Frishman, Jan Gunning, Michael Kevane, Patrick Francois, Robert Pollak - Timbergen Institute Discussion Paper , 1994
"... preliminary draft. I have benefitted from the comments of participants at a number of seminars. Financial support from the National Science Foundation is gratefully Virtually all models of the household have the minimal implication that the equilibrium allocation of resources is Pareto efficient. Wi ..."
Abstract - Cited by 318 (7 self) - Add to MetaCart
preliminary draft. I have benefitted from the comments of participants at a number of seminars. Financial support from the National Science Foundation is gratefully Virtually all models of the household have the minimal implication that the equilibrium allocation of resources is Pareto efficient

Comparing Wealth Effects: The Stock Market vs. the Housing Market,” NBER Working Paper No

by John M. Quigley, John M. Quigley, Robert J. Shiller, Robert J. Shiller , 2001
"... We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years and a panel of U.S. states observed quarterly during the 1980s and 1990s. We impute the aggregate valu ..."
Abstract - Cited by 304 (11 self) - Add to MetaCart
We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years and a panel of U.S. states observed quarterly during the 1980s and 1990s. We impute the aggregate

Does corporate performance improve after mergers

by Paul M. Healy, Krishna C. Palepu, Richard S. Rubak, We Thank Robin Cooper, George Foster, Michael Jensen, Bob Kaplan, Mark Wolfson, Karen Wruck, Paul M. Healy, Krishna C. Palepu, Richard S. Rubak - Journal of Financial Economics , 1992
"... Center at MIT and the Division of Research at HBS for financial support. This ..."
Abstract - Cited by 255 (0 self) - Add to MetaCart
Center at MIT and the Division of Research at HBS for financial support. This

Forecasting the term structure of government bond yields

by Francis X. Diebold, Canlin Li - Journal of Econometrics , 2006
"... Despite powerful advances in yield curve modeling in the last twenty years, comparatively little attention has been paid to the key practical problem of forecasting the yield curve. In this paper we do so. We use neither the no-arbitrage approach, which focuses on accurately fitting the cross sectio ..."
Abstract - Cited by 287 (16 self) - Add to MetaCart
, and arbitrage-free specifications. Acknowledgments: The National Science Foundation and the Wharton Financial Institutions Center provided research support. For helpful comments we are grateful to Dave Backus, Rob Bliss, Michael Brandt, Todd Clark, Qiang Dai, Ron Gallant, Mike Gibbons, Da...
Results 1 - 10 of 19,801