Sale-Or-Purchase-of-Stock Time Series for Blackline Inc. BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally. It offers financial close and consolidation solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching, which analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data. The company also provides journal entry, which allows users to generate, review, and post manual journal entries; variance analysis that offers anomalous fluctuations in balance sheet and income statement account balances; compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing; and smart close for SAP solution. In addition, it offers credit and risk, collection, dispute and deduction, and team and task management, as well as AR intelligence, electronic invoicing and payment, and cash application solutions. Further, the company provides intercompany create functionality that stores permissions and business logic exceptions by entity, service, and transaction type; intercompany balance and resolve, which records an organization's intercompany transactions; and netting and settlement that enables open intercompany transactions, which integrate with treasury systems. Additionally, it offers implementation, optimization, live and web-based training, and support services. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. BlackLine, Inc. was incorporated in 2001 and is headquartered in Woodland Hills, California.

This is the accompanying data for Hong, H., Li, W., & Xu, J. (2018). Climate risks and market efficiency. Journal of Econometrics, 208 (1), 265-281. https://doi.org/10.1016/j.jeconom.2018.09.015Detailed dataset description can be found in the published paper. Climate science finds that the trend towards higher global temperatures exacerbates the risks of droughts. We investigate whether the prices of food stocks efficiently discount these risks. Using data from thirty-one countries with publicly-traded food companies, we rank these countries each year based on their long-term trends toward droughts using the Palmer Drought Severity Index. A poor trend ranking for a country forecasts relatively poor profit growth for food companies in that country. It also forecasts relatively poor food stock returns in that country. This return predictability is consistent with food stock prices underreacting to climate change risks.

This table reports the average annualized returns and the corresponding t-statistics adjusted for heteroscedasticity and autocorrelation of the loser, winner and contrarian portfolios, which are formed by ranking the stocks based on their J-month lagged returns, adopting the decile grouping, and holding for K months. The values of J and K for different strategies are indicated in the first collum and the first row respectively. The sample period is January 1997 to December 2012. The superscripts * and ** denote the significance at 5% and 1% levels, respectively.The annualized returns of the loser, winner, and contrarian portfolios on the SZSE formed based on decile grouping with varying J and K for the whole sample period 1997–2012.