Showing 1 - 10 of 17
Despite the significant growth in the European fund industry in recent years, the performance of European equity mutual …-ante identification of superior performance among funds. Most of the alpha that these state variables help produce comes from their …
Persistent link: https://www.econbiz.de/10003857793
Short sellers are perceived as informed, sophisticated investors. Yet little is known about their actual performance …
Persistent link: https://www.econbiz.de/10011392610
This paper investigates the impact of stress testing results on bank's equity and CDS performance using a large sample …
Persistent link: https://www.econbiz.de/10012210061
underperform non-duality managers. This underperformance results from duality funds in the bottom performance quintile. This … suggests that duality managers can avoid being laid off despite their bad performance. Consistent with this lower risk of … investment styles which lead to more extreme performance outcomes. Only about one fifth of the nonduality managers invest as …
Persistent link: https://www.econbiz.de/10009579421
This paper reconsiders the issue of share price reactions to dividend announcements. Previous papers rely almost exclusively on a naive dividend model in which the dividend change is used as a proxy for the dividend surprise. We use the difference between the actual dividend and the analyst...
Persistent link: https://www.econbiz.de/10009547228
-holder control) have an economically and statistically significant impact on operating performance changes following mergers. We also … consummation of the merger. -- Mergers ; Corporate governance ; Operating performance … der industrieadjustierten operationellen Performance in der Zeit vor, während und nach Firmenzusammenschlüssen und …
Persistent link: https://www.econbiz.de/10009524824
with the beneficial effects of fitness on, e.g., cognitive functions, stress coping and job performance. For each of the …
Persistent link: https://www.econbiz.de/10011392655
, consistent with the positive impact of fitness on cognitive functions, performance and stress coping found in the literature …
Persistent link: https://www.econbiz.de/10010517150
We study the decisions and performance of managers who are also chair of the board (duality managers). We hypothesize … that duality managers take more risky decisions and deliver worse performance than non-duality managers due to reduced …, consequently, deliver extreme performance outcomes. Furthermore, their average underperformance is 2.5 percent. All effects are the …
Persistent link: https://www.econbiz.de/10010194852
We investigate the relation between corporate governance characteristics of hostile takeover targets and the choice to employ 'harmful' resistance that is not perceived as being motivated by shareholders' interests. We find that harmful resistance is associated with firms where managers have...
Persistent link: https://www.econbiz.de/10010337622