Assumptions used by investors when determining the value of an asset portfolio may result in large discrepancies. Creating a portfolio of assets must be linked to some measure of value, and this value was driven by the long-term cash flow ability of the assets. One of the most influential...

Firm-level fixed investment expenses are analysed using a large panel of US manufacturing firms from 1971 to 2007. Integrating the user cost of capital, q and accelerator theories of investment to one econometric specification, we estimate the impacts of sales growth, cash flow, the cost of...

For a sample of 83 financial institutions during 2003–2011, this paper attempts to answer three questions: first, what is the evolution of banks’ stock price exposure to country-level and global risk factors as approximated by equity indices; second, which bank-specific characteristics...