Results 71 to 80 of about 15,572 (250)
The Role of Intangible Investment in Predicting Stock Returns: Six Decades of Evidence
Financial Management, EarlyView.ABSTRACT Using an intangible intensity factor that is orthogonal to the Fama–French factors, we compare the role of intangible investment in predicting stock returns over the periods 1963–1992 and 1993–2022. For 1963–1992, intangible investment is weak in predicting stock returns, but for 1993–2022, the predictive power of intangible investment becomes
Lin Li
wiley +1 more source
Test of Fama and French Three-Factor Model Components Effects on Portfolio Return Variance [PDF]
مجله دانش حسابداری, 2013 The purpose of this study is to test the Fama and French three-factor model in Tehran Stock Exchange. In order to do this, six portfolios including 616 stocks were formed for the years 2004-2009, regarding the size and the book values to the market value
Ebrahim Abbasi, Ghaffar Ghezeljeh
doaj +1 more source
Do ESG factors influence firm valuations? Evidence from the field
Financial Review, EarlyView.Abstract We present results of a survey of more than 300 European financial professionals on best practices in integrating environmental, social, and governance (ESG) factors into corporate valuations. We find external stakeholders, such as investment advisors and financial consultants, are significantly more likely than corporate insiders, such as ...
Franck Bancel +2 more
wiley +1 more source
Tone Distance: Managerial Tone Divergence and Market Reaction to Earnings Announcements
Financial Review, EarlyView.ABSTRACT We evaluate the market reaction to the between‐manager variance of tone within an earnings call, which we term Tone Distance. We find that greater differences in Tone Distance are negatively associated with event period returns surrounding earnings announcements.
Ben Angelo +3 more
wiley +1 more source
Mean-drawdown risk behavior: drawdown risk and capital asset pricing
Journal of Business Economics and Management, 2013 We develop an alternative approach based on mean-drawdown risk behavior versus the mean-variance behavior. We develop two risk measures as the maximum draw down risk and average drawdown risk to estimate two new betas and then propose two CAPM-like ...
Mohammad Reza Tavakoli Baghdadabad +2 more
doaj +1 more source
Policy Uncertainty and Bank Stability: Investigation From Supply‐Side Effect
International Finance, EarlyView.ABSTRACT The paper uses the most up‐to‐date data from US banks to investigate the impact of economic policy uncertainty (EPU) on bank stability. The results reveal that elevated uncertainty makes banks more fragile and prone to crash events through profitability erosion, capital buffer, and exacerbating return volatility. This negative impact of EPU is
Dung Viet Tran +2 more
wiley +1 more source
Tzhoecoen, 2019 Este trabajo tiene como objetivo medir la eficiencia del Costo de Oportunidad de Capital (COK) comparando su estimación a partir del uso betas y retornos de empresas del MILA (ADRs), versus los retornos de los títulos en el mercado.
Wilson Idrogo Rengifo
doaj
A look at the actual cost of capital of US firms
Cogent Economics & Finance, 2016 The capital asset pricing model (CAPM) receives both criticism and widespread adoption by practitioners and academics as the weighted average cost of capital (WACC) equity component.
David J. Moore
doaj +1 more source
The efficacy of market timing and value creation
Journal of Financial Research, EarlyView.Abstract In this article, I use a total timing measure that differentiates between cash‐flow timing and discount‐rate timing to assess value creation among actively managed US equity mutual funds. My findings indicate that some funds exhibit cash‐flow timing skills.
Chunhua Lan
wiley +1 more source
The Impact of Macro Variables and Alternative Assets on Stock Price Movement in Iran: An ARDL Model [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2007 This paper uses a quarterly data to study the effect of the main economic variables on the stock price index in Iran over the period 1993:3–2003:2. An autoregressive distributed lag (ARDL) approach to cointegration analysis is used to study both short ...
Karim Eslamloueyan, Hashem Zare
doaj