... conflict USA and China G11 G15 G41 On a theoretical framework, several researchers model the trading activities of noise traders by including them into equilibrium asset pricing (Black, 1986 ; De Long et al., 1990). They suggest that enough marginal investors, trading on noisy...

... Growth stocks Value stocks Value-growth spread G11 G15 G41 C32 Graham and Dodd (1934) pioneered making a distinction between value and growth stocks. However, the effective recognition of the concept of growth stocks can be attributed to Price Jr[ 1 ]. (Babson, 1951). Thus, value...

... in earnings distributions Earnings benchmark Prospect theory M41 G18 G41 Regulations containing bright-line tests can induce managerial attempts to avoid the bright-line thresholds to reduce compliance cost (Jiang and Wang, 2008 ; Gao et al., 2009). Presumably, the avoidance...