In the investment theory, firms with high expected investment growth earn higher expected
returns than firms with low expected investment growth, holding investment and expected …

We propose a theoretically motivated factor model based on investor psychology and
assess its ability to explain the cross-section of US equity returns. Our factor model …

We study hand-collected data on firms' perceptions of their cost of capital. Firms with higher
perceived cost of capital earn higher returns on invested capital and invest less, suggesting …

This paper studies the heterogeneous effects of subjective macroeconomic expectations on
the cross-section of equity returns. We argue that an upward revision in expectations of …

The transition from a traditional manufacturing-based economy to a knowledge-and service-
based economy over recent decades resulted in a considerable rise in intangible capital …

In a novel model mining experiment, we data mine hundreds of randomly constructed three-
factor models and find that many outperform well-known models from the literature, including …

The continuous combination of digital network technology and traditional financial services
has given birth to digital financial networks, which explore massive economic data under the …

Asset pricing predictions from the investment CAPM depend on the cross-sectional relation
between investment and profitability. In samples of US stocks featuring high cross-sectional …

This study provides insights into the well-documented asset growth anomaly using an
integrated European stock market sample derived from 21 countries. We assess whether the …

This study examines the relationship between company growth, profitability, and corporate
value, focusing on the role of environmental disclosure as a moderation variable in the oil …