Results 151 to 160 of about 72,155 (291)

The Information Content of Operational Effectiveness

Journal of Business Finance &Accounting, EarlyView.
ABSTRACT We address whether and why a firm's operational effectiveness, OpEff$\textit{OpEff}$, has information content for investors and what role that information plays in the price discovery process at quarterly earnings announcements. We measure OpEff$\textit{OpEff}$ using the cash conversion cycle (CCC) multiplied by −1, such that higher OpEff ...
Mary E. Barth, Jonathan Berkovitch, Doron Israeli   +2 more
wiley   +1 more source

Active ingredients: How actively managed holdings shape target date fund performance and costs

Journal of Financial Research, EarlyView.
Abstract This paper examines the impact of active funds held by target date funds (TDFs). Results indicate holding more funds with active management benefits TDF performance, on average. The benefit is driven by domestic equity holdings for TDFs that are far from the target date and domestic income holdings for TDFs that are near or past the target ...
D. Eli Sherrill, Kate Upton
wiley   +1 more source

Sentiment and Stock Characteristics: Comprehensive Study of Individual Investor Influence on Returns, Volatility, and Trading Volumes

Business Systems Research
Traditional asset pricing models face challenges from financial anomalies, prompting exploration through behavioural finance theory. This study analyses the nuanced relationship between individual investor sentiment and key stock market variables.
Kresta Aleš, Xiong Jialei, Maidiya Bahate   +2 more
doaj   +1 more source

The Day-of-the-Week Effect on Stock-Market Volatility and Return: Evidence from Emerging Markets (in English) [PDF]

This study investigates day-of-the-week (DOW) anomalies in the stock markets of twenty emerging economies. The authors use a modified exponential generalized autoregressive conditional heteroskedasticity in-mean (EGARCH-M) modeling strategy that allows ...
Eray M. Yycel, Yeliz Yalcin
core  

Mutual fund director compensation

Journal of Financial Research, EarlyView.
Abstract We examine director compensation using a large sample of hand‐compiled U.S. mutual fund data. We find that director compensation is positively correlated with observable productive characteristics—workload, experience, and demographics—that capture the benefits from the directors’ monitoring effort.
John Adams, Sattar Mansi, Takeshi Nishikawa   +2 more
wiley   +1 more source

The Analysis of Seasonal Return Anomalies in the Portuguese Stock Market [PDF]

This paper assesses the existence of persistent seasonal effects in the daily returns of the Portuguese stock market. We use daily data on the stock market index to study long-lasting differences in returns across the days of the week, within months and ...
Miguel Balbina, Nuno C. Martins
core  

What Are Asset Price Bubbles? A Survey on Definitions of Financial Bubbles

Journal of Economic Surveys, EarlyView.
ABSTRACT Financial bubbles and crashes have repeatedly caused economic turmoil notably but not just during the 2008 financial crisis. However, both in the popular press as well as scientific publications, the meaning of bubble is sometimes unspecified.
Michael Heinrich Baumann, Anja Janischewski   +1 more
wiley   +1 more source

Bad Beta, Good Beta [PDF]

This paper explains the size and value anomalies' in stock returns using an economically motivated two-beta model. We break the CAPM beta of a stock with the market portfolio into two components, one reflecting news about the market's future cash flows ...
John Y. Campbell, Tuomo Vuolteenaho
core  

Harnessing Human Mobility Data for Applied Economic Research: Current Knowledge, Challenges, and Emerging Opportunities

Journal of Economic Surveys, EarlyView.
ABSTRACT This paper reviews how large‐scale mobility data can enhance economic analyses, highlighting its contributions to understanding travel behavior, labor markets, social interactions, and health outcomes. We discuss its advantages over traditional mobility data sources, which include real‐time location information and fine spatial resolution ...
Cristina Connolly, Sandro Steinbach, Mike Vo, Xibo Wan   +3 more
wiley   +1 more source

City Digitalization and Corporate Financial Fraud: An Information Asymmetry Perspective

Journal of Management Studies, EarlyView.
Abstract One pivotal driver of corporate financial fraud is the information asymmetry between cooperative executives and external stakeholders. We propose that city‐level digitalization can mitigate such information asymmetry and deter financial fraud of local firms.
Lu Shen, Kevin Zheng Zhou, Daokang Luo
wiley   +1 more source