ABBREVIATIONS
ACT advance corporation tax
APT arbitrage pricing theory
B/M book-to-market
CAPM capital asset pricing model
CARA constant absolute risk aversion
CRSP Center for Research in Security Prices
C/P cash flow to price
EM earnings management
E/P earnings-to-price
EMH efficient markets hypothesis
EU expected utility framework
FAR fundamental assert risk
GAAP generally accepted accounting
GIC guaranteed investment contracts
GS growth in sales
LTCM long-term capital management
NAV net asset value
NEER new estimator of expected returns
NPV net present value
PBA performance-based arbitrage
PGR proportion of gains realized
PLR proportion of losses realized
RBOC regional Bell operating company
REE rational expectations equilibrium
SEO seasoned equity offerings
SEU subjective expected utility
SUE standardized unexpected earnings
TR threshold-regarding
VAR vector autoregressions
WRSS weighted relative strength strategy