The traditional view of cost behavior assumes a simple mechanistic relation between cost
drivers and costs. In contrast, contemporary cost management research recognizes that …

While recent studies document increasing idiosyncratic volatility over the past four decades,
an explanation for this trend remains elusive. We establish a theoretical link between growth …

We argue that the empirical evidence against the capital asset pricing model (CAPM) based
on stock returns does not invalidate its use for estimating the cost of capital for projects in …

This paper provides a systematic review of value premium literature that examines the
performance difference between value and growth stocks and the possible reasons for it. We …

We study how competition in the product market affects the link between firms' real
investment decisions and their asset return dynamics. In our model, assets in place and …

We find that the market's recent cross-sectional dispersion in stock returns is positively
related to the subsequent value book-to-market premium and negatively related to the …

Recent theoretical models (Carlson, Fisher, and Giammarino, 2004) predict an association
between the book‐to‐market equity ratio (BE/ME) and operating leverage in the cross …

Value investing and growth investing allow economic experts to adopt different investment
strategies depending on their chosen specialty; the two investment types have been …

We find that idiosyncratic volatility forecasts using information available to traders at the time
of the forecast are not related to expected returns. The positive relation documented in a …

The stock selection problem is one of the major issues in the investment industry, which is
mainly solved by analyzing financial ratios. However, considering the complexity and …