Asymmetric Returns and the Economic Content of Accruals and Investment

2021 ◽  
Author(s):  
Luca Del Viva ◽  
S. P. Kothari ◽  
Neophytos Lambertides ◽  
Lenos Trigeorgis
Keyword(s):  
Negatively Associated ◽  
The Past ◽  
Long Run ◽  
The Future ◽  
Future Growth

This study contributes to our understanding of what accruals capture and how they relate to the distribution of future returns. It examines the past and future growth components of accruals and shows that, whereas past growth is negatively associated with idiosyncratic skewness, future growth is positively associated with it. In addition, although both past and future growth are negatively associated with future returns, the association is more pronounced for past growth when volatility is lower, but for future growth when volatility is higher. The study also shows that the association between the future growth component and future returns reverses in the long run, whereas the association between past growth and future returns does not. This paper was accepted by Shivaram Rajgopal, accounting.

Piramal Diagnostics

2011 ◽  
Vol 15 (01) ◽  
pp. 97-121
Author(s):  
Neeraj Dwivedi ◽  
Arvinder Singh
Keyword(s):  
Strategic Planning ◽  
Structural Characteristics ◽  
Vice President ◽  
Medical Diagnostics ◽  
Growth Strategy ◽  
Decision Situation ◽  
The Past ◽  
Strategic Option ◽  
The Future ◽  
Future Growth

The case presents a decision situation facing the Vice President of strategic planning at Piramal Diagnostics Limited, who has to formulate the future growth strategy and decide on the roadmap. The company is the largest player in the organized medical diagnostics industry in India and has shown attractive growth in the past few years. The case describes the structural characteristics of the medical diagnostics industry in India and follows it with a description of the strengths and weaknesses of Piramal Diagnostics and the strategies adopted by it. The Vice President is expected to choose an appropriate strategic option to help the company achieve its ambitious growth target.

scholarly journals Studiing Modern Archival Science in Croatia

Atlanti ◽  
2017 ◽  
Vol 27 (2) ◽  
pp. 87-95
Author(s):  
Željka Dmitrus
Keyword(s):  
Data Security ◽  
Point Of View ◽  
Digital Content ◽  
Archival Science ◽  
Digital Archives ◽  
Archival Material ◽  
The Past ◽  
Long Run ◽  
The Future ◽  
The Moment

By definition, archival science is a set of knowledge about archival material and archival activity. Archival scienceis a young science because it has been developing for the past hundred years. More recently, theory, practice and methodology have been formed. When we talk about archival material, we need to know that it’s not just a pile of old paper preserved in the dark archive storage rooms. Archival material is a record in continuity - from the moment it is created, until the moment someone searches for that record. Today it is a common belive that archives are the memory of society and a part of cultural heritage. Today, documents are mostly generated in electronic form. From a practical point of view, modern archival science deals with answers to contemporary issues such as: How to organize digitalisation of archival material? How to keep digital content in the long run? How to organize digital archives? How to care for data security? These are just some questions that will have to be answered by the generations that come - young archivists. To be able to protect contemporary archives for the future we will have to find abwers to above questions, than only by protecting the present we will be able to preserve it for the future.

scholarly journals The Perspective of Therapeutic Antibody Marketing in Iran: Trend and Estimation by 2025

2021 ◽  
Vol 2021 ◽  
pp. 1-7
Author(s):  
Monireh Golpour ◽  
Pouya Vatanpour ◽  
Mina Amini ◽  
Majid Saeedi ◽  
Nasim Hafezi ◽  
...  
Keyword(s):  
High Efficiency ◽  
Inflammatory Diseases ◽  
Therapeutic Antibodies ◽  
Medical Sciences ◽  
The Past ◽  
The Future ◽  
The Status ◽  
Market Outlook ◽  
Market Status ◽  
Future Growth

Background. Monoclonal antibodies with high efficiency and specificity are one of the best strategies to diagnose and treat a variety of diseases such as cancer, autoimmunity, and inflammatory diseases. The market for monoclonal therapeutic antibodies (MTAs) has grown dramatically in the past decade. Objective. Given the importance of these issues, developing countries spend a high cost on importing or producing MTAs annually. This study intends to examine the market of monoclonal therapeutic antibodies in Iran and predict the future growth rate of this market using the obtained data. Methods. Data on the status of MTAs in the country (from 2008 to 2018) were obtained from the Food and Drug Deputy of Mazandaran University of Medical Sciences. The market status of MTAs was studied based on the dosage forms, application, and price. Then, the market outlook was predicted up to year 2025. Results. The results showed that 58.8% of all MTAs were humanized, and 86% of all antibody-based drugs were used to treat cancer. Sales of MTA-based medications will reach $454 million by 2025 and are projected to grow significantly in the future. Conclusion. Given the increasing technology of the production of MTAs and their use in targeted therapies worldwide, their consumption market in Iran is expected to grow significantly.

Clausewitz rules, OK? The future is the past—with GPS

1999 ◽  
Vol 25 (5) ◽  
pp. 161-182 ◽  
Author(s):  
COLIN GRAY
Keyword(s):  
International Relations ◽  
Realist Theory ◽  
The Past ◽  
Long Run ◽  
The Future ◽  
New Generation ◽  
Hedley Bull ◽  
Academic Study

The confessions of a neoclassical realistIn 1972, Hedley Bull wrote that ‘the sources of facile optimism and narrow moralism never dry up, and the lessons of the “realists” have to be learnt afresh by every new generation.‘ He proceeded to claim, with undue emphasis, that ‘in terms of the academic study of international relations, the stream of thinking and writing that began with Niebuhr and Carr has long run its course.’ The scholarly problems with classical realist theory are indeed severe. However, it would be a most grievous error to consign such theory to the bin marked ‘yesterday's solutions for yesterday's problems.’ If the academic study of international relations can find little save period-piece interest in the ideas of the classical realists, that is more a comment upon the competence of scholarship today than upon any change in world conditions.

The Past and the Future of The Counseling Psychologist

2019 ◽  
Vol 47 (1) ◽  
pp. 26-33 ◽  
Author(s):  
Bryan S. K. Kim
Keyword(s):  
Content Analysis ◽  
The Past ◽  
The Future ◽  
Future Growth ◽  
Counseling Psychologists

In this article, I describe the development of The Counseling Psychologist since its founding in 1969 and the ways in which counseling psychologists can further promote the future growth of TCP. Also, in an attempt to forecast the future articles published in TCP, I conducted an exploratory content analysis of the Major Contributions published between 1969 and 2018 and a Delphi poll with expert counseling psychologists and I describe the results in this article.

Rising prices are not a long-run UK economy risk

2021 ◽  
Keyword(s):  
Interest Rates ◽  
Relative Price ◽  
Real Interest Rates ◽  
Content Type ◽  
The Past ◽  
Price Adjustments ◽  
Long Run ◽  
The Future ◽  
High Inflation ◽  
The Uk

Significance There is little risk that inflation will return to heights seen in the 1980s as the authorities have the tools to control high inflation. However, their effective deployment depends on cooperation between the BoE and Her Majesty's Treasury (HM Treasury -- the finance ministry). Impacts The long-run demographic forces that kept real interest rates low in the past will continue to keep them low in the future. Low real rates and little risk of high inflation mean nominal rates will also remain low. Moderate inflation in the range 0-5% can be expected over the next decade. A dose of moderate inflation will be useful for the UK economy as it will ease the relative price adjustments needed during the recovery.

Address by the President. Actuarial highways

1993 ◽  
Vol 120 (1) ◽  
pp. 1-16 ◽  
Author(s):  
Leonard John Martin
Keyword(s):  
Pension Funds ◽  
Capital Projects ◽  
Retirement Benefits ◽  
Banking And Finance ◽  
The Past ◽  
Life Assurance ◽  
General Insurance ◽  
The World ◽  
The Future ◽  
Future Growth

AbstractThe Address is a journey in three parts. The first part describes the world scene in the last century when the Institute was founded and traces the development of actuarial work to the present day. The current U.K. pension scene is then broadly reviewed and the journey ends with vistas of the future. The concentration of actuarial work towards life assurance and pensions is attributed to meeting the needs of the past and encouragement is given to the urgent extension of the work of the profession into wider fields.The U.K. pension scene is described as being complex, confused and filled with uncertainty. The profession is urged to assist government actively and positively, to examine the expected future growth of pension funds, and to compare the financing of retirement benefits in the U.K. with other methods adopted in Europe.Work in wider fields is envisaged as embracing general insurance, the health and care of the aged, banking and finance, and the appraisal of capital projects.

scholarly journals Bull and Bear Markets in the Twentieth Century

1990 ◽  
Vol 50 (2) ◽  
pp. 265-281 ◽  
Author(s):  
Robert B. Barsky ◽  
J. Bradford De Long
Keyword(s):  
Economic Growth ◽  
Twentieth Century ◽  
Stock Market ◽  
Stock Prices ◽  
Bear Markets ◽  
Long Run ◽  
Smart Money ◽  
The Future ◽  
Bull And Bear Markets ◽  
Future Growth

The bull and bear markets of this century have suggested that large stock market swings reflect irrational “fads and fashions.” We argue instead that investors perceived shifts in the long-run rate of future growth and that stock prices are sufficiently sensitive to expectations about the future that these perceived shifts plausibly generated the swings of the twentieth century. We document that analysts often viewed as “smart money” assessed fundamentals, based on their perceptions of future economic growth, in a way that tracked decade-to-decade swings closely.

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