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Corporate Governance relates to mechanisms through which providers of resources to the firm get their share of resources in return. Adequate governance practices help develop capital markets and assist market forces in attaining efficient contracts. Convincing evidence exists that well developed...
Persistent link: https://www.econbiz.de/10005813742
This paper addresses the questions whether European mutual fund managers rely on sell-side analyst information and … observation period. Furthermore, mutual fund managers primarily attribute high information value to consensus forecast revisions … to the consensus. Finally, following sell-side research seems to be beneficial for mutual fund managers since our results …
Persistent link: https://www.econbiz.de/10010679251
Insurance Industry is going through a very important stage of its transformation - the transition from the classical system of management into a risk-based management. These changes were launched in Europe by international organizations which deal with the development of the necessary...
Persistent link: https://www.econbiz.de/10008728065
This article analyzes the manifold situations in which the efficient-market hypothesis (EMH) has influenced—or has failed to influence—federal securities regulation and state corporate law, and the prospective roles for the EMH in these contexts. In federal securities regulation, the EMH has...
Persistent link: https://www.econbiz.de/10010603964
Ownership structure is one of the key determinants constituting internal corporate governance, which is especially crucial in emerging markets. This study explores the effects of insider shareholding, an obvious characteristic of ownership structure, on corporate governance. The empirical...
Persistent link: https://www.econbiz.de/10011205891
In September 2003, several prominent mutual fund companies came under investigation for illegal trading practices. Allegations suggested these funds allowed certain investors to profit from short-term trading schemes at the expense of other investors. Surprisingly, regulatory authorities have...
Persistent link: https://www.econbiz.de/10012783550
This article analyzes investor beliefs as to stocks, the inadvertent role government plays in shaping those beliefs and thereby contributes to a rise in stock prices, and the need for government quot;neutralityquot; among investor belief systems. It suggests that, contrary to conventional...
Persistent link: https://www.econbiz.de/10012785283
This paper examines the risk profile of a selection of Australian Superannuation Funds over the period 1994 - 2004. In the context of rising domestic and international equity investments, coupled with an apparent lack of members effecting investment choice when available, the potential for an...
Persistent link: https://www.econbiz.de/10012785330
This paper examines the risk profile of a selection of Australian Superannuation Funds over the period 1994 - 2004. In the context of rising domestic and international equity investments, coupled with an apparent lack of members effecting investment choice when available, the potential for an...
Persistent link: https://www.econbiz.de/10005523883
This paper considers the structure, governance and performance of a unique class of mutual funds that receives capital only from individuals, and reinvests this contributed capital in private companies, as opposed to traditional mutual funds that invest in publicly traded companies. We consider...
Persistent link: https://www.econbiz.de/10012727973