Results 221 to 230 of about 1,865,976 (257)
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The Accounting Review, 2004
We investigate whether investors price losses conditional on the likelihood of the firm's return to profitability, consistent with the abandonment option hypothesis (Hayn 1995). We first develop a loss-reversal model to define subsamples of persistent and transitory losses.
Joos, Peter, Plesko, George
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We investigate whether investors price losses conditional on the likelihood of the firm's return to profitability, consistent with the abandonment option hypothesis (Hayn 1995). We first develop a loss-reversal model to define subsamples of persistent and transitory losses.
Joos, Peter, Plesko, George
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SSRN Electronic Journal, 2018
What are the economic determinants of a firm's market value? We answer this question through the lens of a generalized neoclassical model of investment with physical capital, quasi-fixed labor, and two types of intangible capital, knowledge and brand capital. We estimate the structural model using firm-level data on U.S.
Frederico Belo +2 more
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What are the economic determinants of a firm's market value? We answer this question through the lens of a generalized neoclassical model of investment with physical capital, quasi-fixed labor, and two types of intangible capital, knowledge and brand capital. We estimate the structural model using firm-level data on U.S.
Frederico Belo +2 more
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Review of Economic Dynamics, 2012
Abstract We study the role of brand capital – a primary form of intangible capital – for firm valuation and risk in the cross section of publicly traded firms. Using an empirical measure of brand capital stock constructed from advertising expenditures accounting data, we show that: (i) firms with low brand capital investment rates have higher average
Frederico Belo +2 more
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Abstract We study the role of brand capital – a primary form of intangible capital – for firm valuation and risk in the cross section of publicly traded firms. Using an empirical measure of brand capital stock constructed from advertising expenditures accounting data, we show that: (i) firms with low brand capital investment rates have higher average
Frederico Belo +2 more
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International Diversification and Firm Value
Journal of Business Finance & Accounting, 1998In this paper the impact of multinationalism is examined using a valuation model incorporating geographically segmented accounting information. The results indicate that multinational companies are more highly valued than their domestic counterparts and that the valuation difference lies in all their operations and not just their foreign operations ...
Rees, W.P., Garrod, N.
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Stakeholder welfare and firm value
Journal of Banking & Finance, 2009Abstract Using data from the independent social choice investment advisory firm Kinder, Lydenberg, Domini (KLD), we construct a stakeholder welfare score measuring the extent to which firms meet the expectation of their non-shareholder stakeholders (such as employees, customers, communities, and environment), and find it to be associated with ...
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2020
The literature on Global Value Chains has shown that by displacing risks and costs and retaining activities which add greatest value, lead firms may appropriate a larger share of value within a supply chain (Gereffi et al. 2005). However, lead firms must often respond to the financialized pressures of maximising shareholder value, which they achieve ...
Wigan, Duncan +2 more
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The literature on Global Value Chains has shown that by displacing risks and costs and retaining activities which add greatest value, lead firms may appropriate a larger share of value within a supply chain (Gereffi et al. 2005). However, lead firms must often respond to the financialized pressures of maximising shareholder value, which they achieve ...
Wigan, Duncan +2 more
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Family Firm Values Explaining Family Firm Heterogeneity
Family Business Review, 2019Family firm heterogeneity results in reduced predictability of firm behavior as well as inconsistent results regarding research on family firm behavior. We argue that family firm heterogeneity is based, among other factors, on values heterogeneity. In order to lay the ground for future research, we develop a taxonomy of family firms based on values ...
Sabine B. Rau +2 more
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This study examines the effect of tax complexity on the market value of publicly traded firms. Using firm-level measures of tax complexity, we find that a one standard deviation increase in tax complexity—comparable in magnitude to the rise following the U.S. Tax Cuts and Jobs Act—is associated with a 2.6%
Braun, Anna-Sophie +2 more
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Braun, Anna-Sophie +2 more
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Corporate governance and firm value at dual class firms
Review of Financial Economics, 2017AbstractThis study explores whether corporate governance at dual class firms differs from that of their single class counterparts and whether firm value at dual class firms is associated with governance. Employing a sample of 1309 U.S. dual class firm‐year observations for the period 1996–2006, we show evidence that dual class firms are more likely to ...
Ting Li, Nataliya S. Zaiats
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Academy of Management Proceedings, 1996
Extant strategy theory focuses largely on the appropriation of value as the basis for explaining and predicting firm performance. We argue that this focus is inappropriate.
Peter Moran, Sumantra Ghoshal
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Extant strategy theory focuses largely on the appropriation of value as the basis for explaining and predicting firm performance. We argue that this focus is inappropriate.
Peter Moran, Sumantra Ghoshal
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