Purpose – The purpose of this paper is to develop and test a model that can be used to help students learn the investment analysis process and accurately identify good and bad investment opportunities. Design/methodology/approach – The model tested in this research was developed by a former...

PPurpose – The purpose of this paper is to illustrate the effectiveness of integrating a portfolio simulation-based trading program with the top-down approach to fundamental analysis in a security analysis course. The simulation allows for the application of class material using a combination...

Purpose – The purpose of this paper is to illustrate the effectiveness of integrating a portfolio simulation‐based trading program with the top‐down approach to fundamental analysis in a security analysis course. The simulation allows for the application of class material using a...

Purpose – The purpose of this paper is to develop and test a model that can be used to help students learn the investment analysis process and accurately identify good and bad investment opportunities. Design/methodology/approach – The model tested in this research was developed by a former...

Purpose – Currently many jobs for undergraduate finance majors require that the student demonstrate advanced Excel modeling skills. The purpose of this paper is to illustrate and explain the Excel Best Practices which should enhance their financial modeling efficiency....

Purpose – The purpose of this paper is to present a procedure for finding the efficient frontier, i.e. a non-decreasing curve representing the set of Pareto-optimal or non-dominated portfolios, when the standard Markowitz' classical mean-variance model is enriched with additional constraints....

Purpose – The purpose of this paper is to compare the relative power of operating cash flow and earnings in the prediction of dividends. Design/methodology/approach – A linear mixed effects model is used in terms of selected model fit criteria. Findings – Based on the selected model fit...

Purpose - The purpose of this research paper is to clarify why shareholders should be prudent when managers promise value gains from a synergetic merger. Design/methodology/approach -The paper proposes a simple two-state model of stochastic firm cash flows which allows for a discussion of wealth...

Purpose - This paper aims to analyze bank efficiency into a number of bank-specific, industry-specific and macroeconomic determinants. Design/methodology/approach -The authors follow a semi-parametric two-stage methodology, where productive efficiency is derived via a non-parametric technique in...

Purpose -The purpose of the paper is to focus on the rating, ranking and valuing of firms. Design/methodology/approach -Fuzzy logic and expert systems are used in order to provide a score for the firm(s) under consideration, representing the firm value-creating power. Findings -The fuzzy expert...