{"id":"https://openalex.org/W4226083697","doi":"https://doi.org/10.1016/j.jacceco.2021.101476","title":"An Accounting-Based Asset Pricing Model and a Fundamental Factor","display_name":"An Accounting-Based Asset Pricing Model and a Fundamental Factor","publication_year":2019,"publication_date":"2019-01-01","ids":{"openalex":"https://openalex.org/W4226083697","doi":"https://doi.org/10.1016/j.jacceco.2021.101476"},"language":"en","primary_location":{"id":"doi:10.1016/j.jacceco.2021.101476","doi":"https://doi.org/10.1016/j.jacceco.2021.101476","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jacceco.2021.101476","pdf_url":null,"source":{"id":"https://openalex.org/S62142384","display_name":"Journal of Accounting and Economics","issn_l":"0165-4101","issn":["0165-4101","1879-1980"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Accounting and Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.3393068","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5024814088","display_name":"Stephen H. Penman","orcid":"https://orcid.org/0000-0002-2435-5119","observed_orcids":["https://orcid.org/0000-0002-2435-5119","https://orcid.org/0000-0002-7539-5137"]},"institutions":[{"id":"https://openalex.org/I71209653","display_name":"Bocconi University","ror":"https://ror.org/05crjpb27","country_code":"IT","type":"education","lineage":["https://openalex.org/I71209653"]},{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["IT","US"],"is_corresponding":true,"raw_author_name":"Stephen Penman","raw_affiliation_strings":["Columbia Business School, Columbia University and Bocconi University, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Columbia Business School, Columbia University and Bocconi University, USA","institution_ids":["https://openalex.org/I71209653","https://openalex.org/I78577930"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5112601865","display_name":"Julie Zhu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I24943067","display_name":"Fudan University","ror":"https://ror.org/013q1eq08","country_code":"CN","type":"education","lineage":["https://openalex.org/I24943067"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Julie Zhu","raw_affiliation_strings":["Fanhai International School of Finance, Fudan University, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Fanhai International School of Finance, Fudan University, China","institution_ids":["https://openalex.org/I24943067"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5024814088"],"corresponding_institution_ids":["https://openalex.org/I71209653","https://openalex.org/I78577930"],"apc_list":{"value":1800,"currency":"USD","value_usd":1800},"apc_paid":null,"fwci":5.2929,"has_fulltext":false,"cited_by_count":42,"citation_normalized_percentile":{"value":0.95632639,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"73","issue":"2-3","first_page":"101476","last_page":"101476"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9911999702453613,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9911999702453613,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0024999999441206455,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.002199999988079071,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/consumption-capital-asset-pricing-model","display_name":"consumption-based asset pricing","score":0.8610000014305115},{"id":"https://openalex.org/keywords/cross-section-of-returns","display_name":"cross-section of returns","score":0.671999990940094},{"id":"https://openalex.org/keywords/expected-returns","display_name":"expected returns","score":0.5680000185966492},{"id":"https://openalex.org/keywords/consumption-risk","display_name":"consumption risk","score":0.5170000195503235},{"id":"https://openalex.org/keywords/market-portfolio","display_name":"market portfolio","score":0.5680000185966492},{"id":"https://openalex.org/keywords/hedging-portfolio","display_name":"hedging portfolio","score":0.8539999723434448},{"id":"https://openalex.org/keywords/two-factor-model","display_name":"two-factor model","score":0.8320000171661377}],"concepts":[{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.6877266764640808},{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.6764445900917053},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5221607685089111},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5176711082458496},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.5128088593482971},{"id":"https://openalex.org/C10879293","wikidata":"https://www.wikidata.org/wiki/Q726474","display_name":"Factor analysis","level":2,"score":0.5021138191223145},{"id":"https://openalex.org/C2777302077","wikidata":"https://www.wikidata.org/wiki/Q1321921","display_name":"Market portfolio","level":3,"score":0.48629459738731384},{"id":"https://openalex.org/C167626555","wikidata":"https://www.wikidata.org/wiki/Q5164759","display_name":"Consumption-based capital asset pricing model","level":3,"score":0.4715968072414398},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4039764404296875},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1016/j.jacceco.2021.101476","doi":"https://doi.org/10.1016/j.jacceco.2021.101476","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jacceco.2021.101476","pdf_url":null,"source":{"id":"https://openalex.org/S62142384","display_name":"Journal of Accounting and Economics","issn_l":"0165-4101","issn":["0165-4101","1879-1980"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Accounting and Economics","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.3393068","doi":"https://doi.org/10.2139/ssrn.3393068","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3393068","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:jaecon:v:73:y:2022:i:2:s0165410121000914","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0165410121000914","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:iris.unibocconi.it:11565/4048221","doi":null,"is_oa":true,"landing_page_url":"https://www.sciencedirect.com/science/article/abs/pii/S0165410121000914","pdf_url":null,"source":{"id":"https://openalex.org/S7407055170","display_name":"Archivio istituzionale della Ricerca - Bocconi","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.3393068","doi":"https://doi.org/10.2139/ssrn.3393068","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3393068","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":61,"referenced_works":["https://openalex.org/W585650332","https://openalex.org/W1574786337","https://openalex.org/W2011043606","https://openalex.org/W2026454108","https://openalex.org/W2028826596","https://openalex.org/W2034960998","https://openalex.org/W2072799098","https://openalex.org/W2082330181","https://openalex.org/W2090758019","https://openalex.org/W2099750880","https://openalex.org/W2104204963","https://openalex.org/W2111891493","https://openalex.org/W2113704261","https://openalex.org/W2115479558","https://openalex.org/W2123343520","https://openalex.org/W2134807435","https://openalex.org/W2144965980","https://openalex.org/W2145713680","https://openalex.org/W2157802984","https://openalex.org/W2162976621","https://openalex.org/W2265274622","https://openalex.org/W2324114714","https://openalex.org/W2610616536","https://openalex.org/W2616169349","https://openalex.org/W2799920757","https://openalex.org/W2889831213","https://openalex.org/W2893941034","https://openalex.org/W2898920961","https://openalex.org/W2902102423","https://openalex.org/W2964121732","https://openalex.org/W2989757867","https://openalex.org/W3021527028","https://openalex.org/W3021711601","https://openalex.org/W3023688799","https://openalex.org/W3041152886","https://openalex.org/W3121225256","https://openalex.org/W3121274430","https://openalex.org/W3121288394","https://openalex.org/W3121846939","https://openalex.org/W3122045500","https://openalex.org/W3122846252","https://openalex.org/W3122920054","https://openalex.org/W3123178375","https://openalex.org/W3123267500","https://openalex.org/W3123294072","https://openalex.org/W3123639445","https://openalex.org/W3124476761","https://openalex.org/W3124790942","https://openalex.org/W3124909920","https://openalex.org/W3124927941","https://openalex.org/W3125162154","https://openalex.org/W3125282251","https://openalex.org/W4211170237","https://openalex.org/W4234815785","https://openalex.org/W4237239309","https://openalex.org/W4253661510","https://openalex.org/W4254389086","https://openalex.org/W4385071277","https://openalex.org/W4411936010","https://openalex.org/W6730965145","https://openalex.org/W7136923844"],"related_works":["https://openalex.org/W2902122065","https://openalex.org/W2141173104","https://openalex.org/W4407634012","https://openalex.org/W4243842774","https://openalex.org/W2188468560","https://openalex.org/W2108701764","https://openalex.org/W2964864880","https://openalex.org/W3123322742","https://openalex.org/W7097949663","https://openalex.org/W2260102536"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":9},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":8},{"year":2022,"cited_by_count":10},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1}],"updated_date":"2026-11-05T12:25:35.769452","created_date":"2022-05-05T00:00:00"}