This study comprehensively evaluates and ranks a large number of competing explanations for the momentum anomaly. As a benchmark for evaluation, firm fundamentals are found to be the most promising among well-known explanations of momentum, followed by prospect theory and mental accounting, and...

Shelf space is one of the scarcest resources, and its effective management to maximize profits has become essential to gain a competitive advantage for retailers. We consider the two-dimensional shelf space allocation problem (2DSSAP) with additional features motivated by literature and our...

The DuPont decomposition of profitability into profit margin and asset turnover has been applied extensively to forecast future profits. This paper provides a complementary analysis under which the DuPont decomposition also informs about the risk that profits may differ from expectation. In the...

This study proposes the mode-based decomposition approach to better examine the change of the more impoverished population's wealth into growth and distribution effects. Given Gibrat’s law, the decomposition first approximates the income distribution to lognormal distribution using the maximum...

We incorporate adaptive learning-based inflation expectations in an Unobserved Components model in order to study the link between inflation and the output gap. The forward-looking New Keynesian Phillips curve serves as the backbone for modeling inflation dynamics. We find that learning based...

This papers examines changes in the distribution of per-worker-output across countries over the period 1960-98, with a particular focus on identifying the forces behind the hollowing out of the middle of the distribution and the associated emergence of a twin-peaks phenomenon. The main finding...

Being argumentative in nature and referring to Oaxaca Decomposition for the purpose of defining the main drivers of rental flats and houses, be new, old, repaired, or unrepaired, together with applying the difference in difference method to evaluate the effectiveness of the policy, this paper...

This study compares the energy intensity performance in Indonesia to other South East Asia countries such as Vietnam, Thailand, Singapore, The Philippines and Malaysia for the period from 1971 to 2016. For this goal, this research employs a multiplicative Log Mean Divisia Index II method and...

This research discusses energy intensity in Indonesia’s manufacturing sector from 1980 to 2015. The manufacturing sector is the second-largest energy-consumer in Indonesia (after the transportation sector) and one of the largest contributors to Indonesia’s output. Thus, it is important to...

The post-1980 period has seen an across-the-distribution increase in the cash holdings of U.S. non-financial corporations and falling indebtedness among firms at the bottom 60% of the distribution. These trends are puzzling, given concurrent growth in the share of firms that generate...