TY  - JOUR
T1  - Is the Book-to-Market a Measure of Risk
JF  - Journal of Financial Research
Y1  - 2005
A1  - Peterkort,Bob
A1  - Nielsen,Jim
KW  - Finance
AB  - We develop a leverage-based alternative to traditional asset pricing models to investigate whether the book-to-market ratio acts as a proxy for risk. We argue that the book-to-market ratio should act as a proxy because of the expected relations between (1) financial risk and measures of capital structure based on the market value of equity and (2) asset risk and measures of capital structure based on the book value of equity. We find no relation between average stock returns and the book-to-market ratio in all-equity firms after controlling for firm size, and an inverse relation between average stock returns and the book-to-market ratio in firms with a negative book value of equity.
VL  - 28
CP  - 4
U2  - a
U4  - 649125888
ID  - 649125888
ER  - 

TY  - JOUR
T1  - Using Decision Trees to Manage Capital Budgeting Risk
JF  - Management Accounting Quarterly
Y1  - 2001
A1  - Bailes,Jack
A1  - Nielsen,Jim
KW  - Accounting
KW  - Finance
AB  - Forest products companies are particularly suited to using decision trees for capital budgeting because they must take environmental and social responsibilities into account as they pursue bottom line results.
CP  - Winter
U2  - a
U4  - 644462592
ID  - 644462592
ER  -