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REIT performance and market timing ability

Jr, Richard J. Buttimer; Chen, Jun; Chiang, I-Hsuan Ethan - In: Managerial Finance 38 (2012), pp. 249-279

Purpose - The purpose of this paper is to study performance and market timing ability of equity real estate investment trusts (REITs). Design/methodology/approach - The authors use classical regression-based framework and their multi-index, multifactor, and conditional extensions to jointly...

Persistent link: https://www.econbiz.de/10010760027

Performance evaluations based on financial information: how do managers use situational information?

Rose, Jacob M. - In: Managerial Finance 30 (2004) 6, pp. 46-65

Organizations regularly use budgets as benchmarks for performance, and budgets represent a key control feature for almost every organization (Brown and Solomon (1993)). Research has demonstrated that outcome effects are pervasive in performance evaluation processes, and that performance...

Persistent link: https://www.econbiz.de/10014939748

Performance of mutual funds

G. Noulas, Athanasios; A. Papanastasiou, John; … - In: Managerial Finance 31 (2005) 2, pp. 101-112

Persistent link: https://www.econbiz.de/10014939789

REIT performance and market timing ability

Buttimer, Richard J.; Chen, Jun; Ethan Chiang, I‐Hsuan - In: Managerial Finance 38 (2012) 3, pp. 249-279

Purpose – The purpose of this paper is to study performance and market timing ability of equity real estate investment trusts (REITs). Design/methodology/approach – The authors use classical regression‐based framework and their multi‐index, multifactor, and conditional extensions to...

Persistent link: https://www.econbiz.de/10014940225

Mutual funds in Greece: case study of domestic equity mutual funds during a financial crisis

Koutsokostas, Drosos; Papathanasiou, Spyros - In: Managerial Finance 43 (2017) 7, pp. 812-827

Purpose The purpose of this paper is to examine the performance of Greek equity mutual funds for the period 2012-2016, analyzing further the selectivity and market timing ability, and short-term performance persistence for the period 2015-2016. Design/methodology/approach Utilizing a...

Persistent link: https://www.econbiz.de/10014941839

Golden parachutes, managerial incentives and shareholders' wealth

Brusa, Jorge; Lee, Wayne L.; Shook, Carole - In: Managerial Finance 35 (2009) March, pp. 346-356

measure is used as a compensation device instead of a takeover defense. The results show that the adoption of the measure has … evaluation of the adoption of golden parachutes on shareholders' wealth when the measure is used as a compensation device instead …

Persistent link: https://www.econbiz.de/10005081243

The economic determinants of compensation committee quality

Sun, Jerry; Cahan, Steven F.; Busenbark, John R. - In: Managerial Finance 38 (2012), pp. 188-205

Purpose – The purpose of this paper is to investigate the economic determinants of compensation committee quality …. Design/methodology/approach – Sample firms were selected from the IRRC Directors' database. Compensation committee quality is … measured as the factor score from a principal component analysis of six compensation committee characteristics. Regression …

Persistent link: https://www.econbiz.de/10010814819

Does experience matter? CEO successions by former CEOs

Elsaid, Eahab; Wang, Xiaoxin; III, Wallace N. Davidson - In: Managerial Finance 37 (2011) October, pp. 915-939

: outside successors who have previous CEO experience and those who do not. It examines stock market reaction, compensation and … regressions to examine firm performance and CEO compensation prior and post-succession. Findings – The authors find that the stock … significant difference in compensation between an exCEO and a non-exCEO, though the compensation for both increases significantly …

Persistent link: https://www.econbiz.de/10010814824

Board compensation, holdings and mutual fund expense ratios

Fricke, Eric - In: Managerial Finance 39 (2013) February, pp. 228-250

Purpose – The purpose of this paper is to examine how board compensation and holdings are related to mutual fund … expense ratios. Previous studies find that compensation and expense ratios are positively correlated and argue that this … compensation and fees. Findings – The results provide additional support for potential rent sharing between fund managers and …

Persistent link: https://www.econbiz.de/10010814866

Bank mergers, equity risk incentives, and CEO stock options

Williams, Melissa A.; Michael, Timothy B.; Rao, Ramesh P. - In: Managerial Finance 34 (2008), pp. 316-327

Purpose - The purpose of this paper is to examine the risk-incentive effect of CEO stock options in the banking industry. Design/methodology/approach - For a sample of industrial mergers, Williams and Rao find that the risk-incentive effect of CEO stock options is associated with higher...

Persistent link: https://www.econbiz.de/10010750268