This paper examines the value relevance of leverage to equity investors. We construct a short-term investment strategy based on leverage of Indian firms over a ten year period. We examine the ability of leverage to predict stock returns by analysing the cumulative abnormal returns for a holding...

Much recent work in strategy and popular discussion suggests that an excessive focus on “managing the numbers” – delivering quarterly earnings at the expense of longer term investments – makes it difficult for firms to make the investments necessary to build competitive advantage....

Much recent work in strategy and popular discussion suggests that an excessive focus on "managing the numbers" --delivering quarterly earnings at the expense of longer term investments--makes it difficult for firms to make the investments necessary to build competitive advantage. "Short termism"...

This study examines the impact of financial literacy, accounting information, openness to experience and information asymmetry on the short-term investment decision-making of the stock market investors. For this purpose 23-item questionnaire was developed and distributed among 185 stock market...