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The information content of Morningstar StockInvestor: the Tortoise vs the Hare

Ferreira, Eurico J.; Smith, Stanley D. - In: Managerial Finance 38 (2012) March, pp. 403-413

Purpose – The purpose of this paper is to add to the literature on the impact of the Morningstar ratings by examining the impact of individual stock ratings in the Hare and Tortoise portfolios. Design/methodology/approach – This study uses an event study approach, where the effect of the...

Persistent link: https://www.econbiz.de/10010540355

Faculty practices in undergraduate investments courses

Waggle, Doug; Moon, Gisung - In: Managerial Finance 35 (2009) April, pp. 461-471

investments. Design/methodology/approach – A sample of 101 syllabi of the first investments course taught in various AACSB … components and their weights, and course contents based on various investments topics. Findings – Classroom practices of … investments professors differ considerably. There is virtually nothing that is universally applied by investments faculty. There …

Persistent link: https://www.econbiz.de/10009245367

Endogenous examination of underwriter reputation and IPO returns

Jones, Travis L.; Swaleheen, Mushfiq us - In: Managerial Finance 36 (2010) April, pp. 284-293

PPurpose – The purpose of this paper is to examine the relationship between underwriter reputation and initial public offerings (IPOs) initial returns over a 24-year period, from 1980 to 2003. Design/methodology/approach – Two-stage least-squares regression analysis on data from IPOs offered...

Persistent link: https://www.econbiz.de/10009319833

Investment spending and corporate governance: Evidence from the ASE listed firms

Dedoussis, Elias; Papadaki, Afroditi - In: Managerial Finance 36 (2010) March, pp. 201-224

Purpose – The purpose of this paper is to present evidence on the effects that different ownership's structures of Greek listed firms exercise on the relation between investment and liquidity constraints. Design/methodology/approach – Corporate governance in Greece is primarily based on the...

Persistent link: https://www.econbiz.de/10009319844

The firm-specific nature of debt tax shields and optimal corporate investment decisions

Eisdorfer, Assaf - In: Managerial Finance 38 (2012) May, pp. 560-570

Purpose – While an operation's unlevered value is objective, the value of the debt tax shield is subjective since it depends on the capital structure policy of the firm that owns the operation. The purpose of this paper is to explore the implications of this subjective nature of debt tax...

Persistent link: https://www.econbiz.de/10010551583

Macroeconomic news and risk factor innovations

Gosnell, Thomas; Nejadmalayeri, Ali - In: Managerial Finance 36 (2010) July, pp. 566-582

Purpose – The purpose of this paper is to determine if macroeconomic announcements affect the Fama-French market, size, book-to-market risk factors and momentum factor. Design/methodology/approach – Using unexpected announcements of major macroeconomic indicators, a study is made of how...

Persistent link: https://www.econbiz.de/10009275369

Performance of debt free firms

Zaher, Tarek S. - In: Managerial Finance 36 (2010) June, pp. 491-501

conducted for a long period and for a short period. Findings – The results of the study indicate that investments in portfolios … of debt free firms tend to generate higher returns than investments in their peers of portfolios of leveraged firms over …

Persistent link: https://www.econbiz.de/10009275385

The demographic profile of socially responsible investors

Junkus, Joan C.; Berry, Thomas C. - In: Managerial Finance 36 (2010) June, pp. 474-481

Purpose – Given the size and growing importance of socially responsible (SR)-related funds and investments, the purpose … of this paper is to see if those who invest in socially responsible investments (SRIs) conform to a particular profile …

Persistent link: https://www.econbiz.de/10009275397

Ukrainian financial markets: an examination of calendar anomalies

Depenchuk, Iryna O.; Compton, William S.; Kunkel, Robert A. - In: Managerial Finance 36 (2010) June, pp. 502-510

Purpose – This study aims to examine the market returns of the Ukrainian stock and bond markets to determine whether they exhibit calendar anomalies including the January effect, weekend effect, and turn-of-the-month (TOM) effect. Ukraine provides an opportunity to examine the efficiency of an...

Persistent link: https://www.econbiz.de/10009275408

Market timing and the determinants of performance of sector funds over the business cycle

Kaushik, Abhay; Pennathur, Anita - In: Managerial Finance 36 (2010) July, pp. 583-602

Purpose – Market-timing skills of fund managers are an important issue for both mutual fund investors and researchers. The purpose of this paper is to analyze the market-timing skills and determinants of performance of sector funds across business cycles to see whether sector fund managers...

Persistent link: https://www.econbiz.de/10009275411