This study aims to analyze the Effect of Financial Ratio Indicators on Return Assets at PT BRI Agroniaga Tbk 2007-2020. The research creates a quantitative case descriptive model that produces partial test CAR variable 0.754 showing most strong influence hypothesis Ho is accepted by normal distributed residuals ROA while simultaneous carried out together with independent indicator 0.850 level c...

This study investigated capital adequacy and Deposit Money Bank's (DMB) Return on Asset (ROA) in Nigeria which the effect of to asset ratio bank's profit margin relationship between solvency turnover was examined. The population comprised deposit money banks listed floor Stock Exchange as at 2021. Sample bank selected Zenith Plc, Guaranty Trust Bank Plc (GTB), First Limited, Access United for A...

Savings, Asset Holdings, and Temporary Migration This paper analyzes savings and asset holdings of immigrants in relation to their return plans. We argue that savings and asset accumulation may be affected by return plans of immigrants. Further, the way savings and assets are held in the homeand host country may also be related to future return plans. Thus, comparing savings and assets between ...

In an asset market where agents have heterogeneous information, asset prices not only depend their expectations of the true fundamentals but also depend on their expectations of the expectations of others. Iterations of such expectations lead to the so-called “infinite regress” problem, which makes the analysis of asset pricing under heterogenous information challenging. In this paper, we solve...

We show that absence of arbitrage in frictionless markets implies a lower bound on the average of the logarithm of the reciprocal of the stochastic discount factor implicit in asset pricing models. The greatest lower bound for a given asset menu is the average continuously compounded return on its growth-optimal portfolio. We use this bound to evaluate the plausibility of various parametric ass...

Studies have shown that firm asset growth predicts cross-sectional stock returns. Firms that shrink their assets earn superior returns while firms that substantially expand their assets incur poor returns in the following years. I show that the negative asset growth often implies poor operating performance and a high probability subsequently to be delisted from the exchanges and that the high a...

Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded offi cial Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Ban...

We construct a search-theoretic model where fiat money coexists with real assets, and all assets can be used as a media of exchange. The terms of trade in bilateral matches are determined by a pairwise Pareto-efficient pricing mechanism. We do not have to appeal to exogenous liquidity constraints to generate asset prices that are consistent with the following facts: (i) fiat money can be valued...