Results 211 to 220 of about 2,382 (263)

The stock market valuation of human capital creation

Journal of Corporate Finance, 2020
We develop measures of firm-level human capital creation from publicly disclosed personnel expenses (PE) and examine the stock market valuation of these characteristics. Separately measuring human capital creation efficacy and opportunity, we first show that efficacy is positively associated with characteristics of human-capital-intensive firms and ...
Matthias Regier, Ethan Rouen
openaire   +1 more source

Joint-Stock Capital and the Capital Market

1999
The credit system mobilises idle money capital and enables circulating capital to expand and acquire elasticity. Social organisations constructed on joint-stock capital, on the other hand, mobilise idle money capital and facilitate the creation of large enterprises and the construction of enormous industrial fixed capital far exceeding the limited ...
Makoto Itoh, Costas Lapavitsas
openaire   +1 more source

The Spirit of Capitalism and Stock-Market Prices. [PDF]

open access: possibleAmerican Economic Review, 1996
In existing theory, wealth is no more valuable than its implied consumption rewards. In reality investors acquire wealth not just for its implied consumption, but for the resulting social status. Max M. Weber refers to this desire for wealth as the spirit of capitalism.
Bakshi, Gurdip S., Chen, Zhiwu
openaire   +1 more source

World capital markets and Finnish stock returns

The European Journal of Finance, 2002
The paper explores issues related to time-varying global equity market integration from a Finnish perspective. Finland is an interesting market since profound economic changes and financial deregulation have taken place since the mid-1980s. Using Finnish firm size ranked portfolios and a conditional four-factor asset pricing model, several restrictions
Kim Nummelin, Mika Vaihekoski
openaire   +2 more sources

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