Download or read book Horizontal Industry Relationships and Return Predictability written by Christian Schlag and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: It has been documented that vertical customer-supplier links between industries are the basis for strong cross-sectional stock return predictability (Menzly and Ozbas (2010)).We show that robust predictability also arises from horizontal links between industries, i.e., from the fact that industries are competitors or offer products, which are substitutes for each other. These horizontally linked industries exhibit positively correlated fundamentals. The signal derived from this type of connectedness is the basis for significant alpha in sorted portfolio strategies, and informed investors take the related information into account when they form their portfolios. We thus provide evidence of return predictability based on a new type of economic links between industries not captured in previous studies.
Download or read book International Relations and Scientific Progress written by Patrick James and published by Ohio State University Press. This book was released on 2002 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Relations and Scientific Progress contends that a theory focusing on the structure of the international system explains a wider and more interesting range of events in world politics than other theories. Such theorizing appears to be out of favor as the result of the apparent failure by structural realism, the most prominent system-level theory over the last two decades, on any number of fronts--most notably an inability to anticipate the ending of the Cold War and its aftermath. This new book is put forward as the most comprehensive and innovative theoretical work on paradigms in international relations since the publication of Theory of International Politics, which created structural realism, more than two decades ago. With appropriate revisions, however, structural realist theory can compete effectively and reclaim its primacy. The first part of International Relations and Scientific Progress assesses the meaning of progress in the discipline of international relations, a process that culminates in the creation of a new concept, the scientific research enterprise. The second part reviews structural realism within that context and identifies a lack of connection between theory and research that links power-based indicators to international conflict, crisis, and war. This part of the book makes the case for an elaboration of structural realism by showing that a system-level theory based on structure has great unrealized explanatory potential. By comparison, the current overwhelmingly research oriented agenda on state dyads imposes severe limitations on understanding that are not currently appreciated. Part Three sums up the work and explores new directions, most notablyas related to empirical testing of an elaborated version of structural realism that focuses on both continuity and change in the international system.
Download or read book Asset Pricing written by John H. Cochrane and published by Princeton University Press. This book was released on 2009-04-11 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the prestigious Paul A. Samuelson Award for scholarly writing on lifelong financial security, John Cochrane's Asset Pricing now appears in a revised edition that unifies and brings the science of asset pricing up to date for advanced students and professionals. Cochrane traces the pricing of all assets back to a single idea--price equals expected discounted payoff--that captures the macro-economic risks underlying each security's value. By using a single, stochastic discount factor rather than a separate set of tricks for each asset class, Cochrane builds a unified account of modern asset pricing. He presents applications to stocks, bonds, and options. Each model--consumption based, CAPM, multifactor, term structure, and option pricing--is derived as a different specification of the discounted factor. The discount factor framework also leads to a state-space geometry for mean-variance frontiers and asset pricing models. It puts payoffs in different states of nature on the axes rather than mean and variance of return, leading to a new and conveniently linear geometrical representation of asset pricing ideas. Cochrane approaches empirical work with the Generalized Method of Moments, which studies sample average prices and discounted payoffs to determine whether price does equal expected discounted payoff. He translates between the discount factor, GMM, and state-space language and the beta, mean-variance, and regression language common in empirical work and earlier theory. The book also includes a review of recent empirical work on return predictability, value and other puzzles in the cross section, and equity premium puzzles and their resolution. Written to be a summary for academics and professionals as well as a textbook, this book condenses and advances recent scholarship in financial economics.
Download or read book The Oxford Handbook of Supply Chain Management written by Thomas Y. Choi and published by Oxford University Press. This book was released on 2021-08-30 with total page 815 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supply chain management contends with structures and processes for delivering goods and services to customers. It addresses the core functions of connected businesses to meet downstream demand. This innovative volume provides an authoritative and timely guide to the overarching issues that are ubiquitous throughout the supply chain. In particular, it addresses emerging issues that are applicable across supply chains--such as data science, financial flows, human capital, internet technologies, risk management, cyber security, and supply networks. With chapters from an international roster of leading scholars in the field, the Oxford Handbook of Supply Chain Management is a necessary resource for all students and researchers of the field as well as for forward-thinking practitioners.
Download or read book The Modern American Wine Industry written by Ian M Taplin and published by Routledge. This book was released on 2015-10-06 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is both a history of the American wine industry and an examination of its current structure and performance. In analysing market formation, Taplin focuses on a complex network of winery owners, winemakers and grape growers to see how relationships have shaped the evolution of this sector.
Download or read book Security Analysis and Portfolio Management 2nd Edition written by Pandian Punithavathy and published by Vikas Publishing House. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In the current scenario, investing in the stock markets poses a significant challenge even for seasoned professionals. Not surprisingly, many students find the subject Security Analysis and Portfolio Management difficult. This book offers conceptual clarity and in-depth coverage with a student-friendly approach. Targeted at the postgraduate students of management and commerce, it is an attempt to demystify the difficult subject. The book is divided into three parts. Part I explains the Indian stock market; Part II exclusively deals with the different aspects of security analysis; Part III is devoted to portfolio analysis.
Download or read book Labor Markets and Employment Relationships written by Joyce Jacobsen and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative text grounds the economic analysis of labor markets and employment relationships in a unified theoretical treatment of labor exchange conditions. In addition to providing thorough coverage of standard topics including labor supply and demand, human capital theory, and compensating wage differentials, the text draws on game theory and the economics of information to study the implications of key departures from perfectly competitive labor market conditions. Analytical results are consistently applied to contemporary policy issues and empirical debates. Provides a coherent theoretical framework for the analysis of labor market phenomena Features graphical in-chapter analysis supplemented by technical material in appendices Incorporates numerous end-of-chapter questions that engage the analysis and anticipate subsequent results Includes innovative chapters on employee compensation methods, market segmentation, income inequality and labor market dynamics Balances theoretical, empirical and policy analysis
Download or read book Nordic Elites in Transformation c 1050 1250 Volume II written by Kim Esmark and published by Routledge. This book was released on 2020-01-24 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nordic Elites in Transformation, c. 1050-1250, Volume II explores the structures and workings of social networks within the elites of medieval Scandinavia to reveal the intricate relationship between power and status. Section one of this volume categorizes basic types of personal bonds, both vertical and horizontal, while section two charts patterns of local, regional and transnational elite networks from wide-scope, longitudinal perspectives. Finally, the third section turns to case-studies of networks in action, analyzing strategies and transactions implied by uses of social resources in specific micro-political settings. A concluding chapter discusses how social power in the North compared to wider European experiences. A wide range of sources and methodologies is applied to reveal how networks were established, maintained, and put to use – and how they transformed in processes of centralizing power and formalizing hierarchies. The engagement with and analysis of intriguing primary source material has produced a key teaching tool for instructors and essential reading for students interested in the workings of medieval Scandinavia, elite class structures, and Social and Political History more generally.
Download or read book Economic Information Decision and Prediction written by M. Marschak and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Organization Theory written by Jesper Blomberg and published by SAGE. This book was released on 2023-03-07 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Organization Theory: Management and Leadership Analysis, Jesper Blomberg explores the fields of organization theory and management, making sense of complex theories and encouraging critical thinking. The book analyses organizations through four theoretical frameworks, offering students a clear structure they can use to understand complex organizational issues: · the structural framework · the Human Resources framework · the power framework · the symbolic framework Each framework is explored by a chapter covering the basics, followed by a more advanced chapter so that students can deepen their understanding. A case study at the end of the book draws together theory and practice, giving students the opportunity to apply what they have learnt to a real management situation. This book is suitable for undergraduate and postgraduate students studying Organization Theory and Management. The book is complemented by a range of online resources including PowerPoint slides, an Instructor’s Manual and Testbank. Jesper Blomberg is Associate Professor at the Stockholm School of Economics, Sweden.
Download or read book The System of Industrial Relations in Canada written by Alton Westwood Joseph Craig and published by Scarborough, Ont. : Prentice-Hall Canada. This book was released on 1986 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Intellectual Property Law written by and published by . This book was released on 1993 with total page 1062 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Retail Investor Sentiment and Behavior written by Matthias Burghardt and published by Springer Science & Business Media. This book was released on 2011-03-16 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a unique data set consisting of more than 36.5 million submitted retail investor orders over the course of five years, Matthias Burghardt constructs an innovative retail investor sentiment index. He shows that retail investors’ trading decisions are correlated, that retail investors are contrarians, and that a profitable trading strategy can be based on these aggregated sentiment measures.
Download or read book Index to Theses with Abstracts Accepted for Higher Degrees by the Universities of Great Britain and Ireland and the Council for National Academic Awards written by and published by . This book was released on 2006 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Political Economy of Taiwan s Development into the 21st Century written by Gustav Ranis and published by Edward Elgar Publishing. This book was released on 1999-02-24 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: '. . . a welcome book, of particular use to graduate schools.' - A.J.H. Latham, Asia Pacific Business Review Over the past four decades, Taiwan has achieved remarkable economic growth. In this important book, a distinguished group of contributors employs a comparative perspective to explore the reasons behind and the lessons to be learned from Taiwan's success.
Download or read book Journal of Business Research written by and published by . This book was released on 1979 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt:
