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We find that price and earnings momentum are pervasive features of international equitymarkets when controlling for data snooping biases. For European countries, we find that pricemomentum is subsumed by earnings momentum on an aggregate level. However, this rationaledoes not apply to each and...
Persistent link: https://www.econbiz.de/10005868982
The recent global financial crisis reflects numerous breakdowns in the prudential discipline of financial firms. This … primary responsibility for risk management must rest with firms, not government supervisors. Unfortunately, systemic risk …
Persistent link: https://www.econbiz.de/10010292244
Human resource management is one of the key factors in the productivity, growth and value of companies in which …-makers and human resource managers are increasingly responding to these challenges and drawing up strategies for managing the … compare the development of the populations in different countries and devise approaches to human resource management in times …
Persistent link: https://www.econbiz.de/10010307458
Differences in strategic decision making between CEOs and other people are interesting since CEOs make important economic decisions and impact values and norms in society. Our study combines a large stratified random sample of 199 CEOs of medium-size firms with a carefully selected control group...
Persistent link: https://www.econbiz.de/10013208778
management into their operations. Among other factors, Japanese firms seek trust in their partner and each of the companies that …
Persistent link: https://www.econbiz.de/10011807649
While some of the modern performance measures used in managerial accounting rely on cash flow based figures others try to take advantage of the information content of accounting figures. However, whether the additional information content in the accrual components of earnings improves the...
Persistent link: https://www.econbiz.de/10010305710
Intresset för hållbar utveckling har ökat markant under det senaste åren. Inte minst märks det i att allt fler företag numera lämnar hållbarhetsredovisningar. I takt med denna utveckling har även olika ramverk växt fram för att utveckla kvaliteten på dessa redovisningar där...
Persistent link: https://www.econbiz.de/10012654342
The transmission process from policy-controlled interest rates to bank lending rates deserves reconsideration owing to the implementation of the European Monetary Union (EMU) in 1999. Additional attention to the subject in Austria is due to several large banks which, in 2002, have been charged...
Persistent link: https://www.econbiz.de/10010294604
We empirically study the use of value-based management systems in listed German firms and examine implications for … that value-based management systems become increasingly common. Specifically, in 2008 42% of our sample firms have … implemented such a system. In the empirical analysis, we find that firms that implement value-based management systems earn …
Persistent link: https://www.econbiz.de/10010305697
specific goals and corporate governance structures on the use of financial instruments such as retained earnings, private … involvement of external managers in the management board. Our findings contribute to a better understanding of financing decisions …
Persistent link: https://www.econbiz.de/10010305699