Results 271 to 280 of about 236,232 (314)
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Pricing of Warrants and the Value of the Firm
The Journal of Finance, 1978issues warrants. In order to focus on the potential dilution effect of warrants on the current value of the firm, we assume throughout the analysis that the investment policy of the firm is given and is not being affected by its financial decisions.3 Under this assumption and the assumption of perfect capital markets, the issuance of warrants will not ...
Galai, Dan, Schneller, Meir I
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SSRN Electronic Journal, 2020
We investigate the increasingly common practice of chief executive officers (CEOs) taking public stances on social and political issues (CEO activism). We find that CEO activism stems from a CEO’s personal ideology and its alignment with investor, employee, and customer ideologies.
Anahit Mkrtchyan +2 more
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We investigate the increasingly common practice of chief executive officers (CEOs) taking public stances on social and political issues (CEO activism). We find that CEO activism stems from a CEO’s personal ideology and its alignment with investor, employee, and customer ideologies.
Anahit Mkrtchyan +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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Insider Trading and the Value of the Firm
The Journal of Industrial Economics, 1991Previous studies of insider trading have examined the profitability to executives of their stock trading with a view to evaluating the informational efficiency of securities markets. The authors examine empirically whether insider trading raises or lowers firm value.
Masson, Robert T, Madhavan, Ananth
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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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Decomposing the Value of a Pharmaceutical Firm
International Journal of Pharmaceutical Medicine, 2006Traditional valuation tools such as discounted cash flow (DCF) models fail in valuing research and development (R&D)-intensive pharmaceutical firms adequately because most of the market value of the firm is embedded in unexercised real options whose future value is uncertain at this moment.
Cassimon, Danny +2 more
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The Value of Marriage to Family Firms
Journal of Financial and Quantitative Analysis, 2013AbstractThis paper presents the first empirical evidence showing that the marriage of a member of the controlling family adds value to public corporations. The results, based on a uniquely comprehensive data set from Thailand, show that the family firm’s stock price increases when the partner is from either a prominent business or a political family ...
Bunkanwanicha, P. +2 more
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Foundations and Trends® in Marketing, 2022
The academic discipline of finance has been linked with the field of marketing, an enterprise referred to as “research on the marketing-finance interface.” It investigates the relationships between marketing-related variables and metrics of the behavior of financial-market participants, including analysts, investors, and creditors.
Shuba Srinivasan, Dominique M. Hanssens
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The academic discipline of finance has been linked with the field of marketing, an enterprise referred to as “research on the marketing-finance interface.” It investigates the relationships between marketing-related variables and metrics of the behavior of financial-market participants, including analysts, investors, and creditors.
Shuba Srinivasan, Dominique M. Hanssens
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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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Alliance Formation and Firm Value
Management Science, 2019We consider the formation of alliances that potentially create complementarities, that is, when the value function is supermodular in firm resources. We show that, in a frictionless world where information is perfect and managers optimize, firm alliances disproportionately increase the value of high-resource-level firms, resulting in higher variance ...
Luís Cabral +1 more
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