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Corporate reputation has deserved attention in recent years from firms and researchers given its impact on creating a … competitive advantage and on keeping a sustained superior performance. However, the impact of corporate reputation on risk, in …, analyze the effect of corporate reputation on stock return and risk. A model based on firms' financial market data was …
Persistent link: https://www.econbiz.de/10014295000
This paper brings structural modeling to the literature on financial research in marketing. I estimate a dynamic investment-based model to understand the impact of advertising expenditures on stock returns and firm value. In addition, by interpreting advertising expenditures as an investment...
Persistent link: https://www.econbiz.de/10009356642
intangible assets are measured by using excess returns. In addition, financial policy is measured by debt and dividend policies …
Persistent link: https://www.econbiz.de/10012301696
This study identifies a J-shaped relation between dividends and firm value. On average, top-dividend-payers are valued … higher than all other firms, while non-dividend-payers are valued higher than low-dividend-payers. This J-shaped relation is … markets outside the U.S. Our evidence suggests that dividend theories, such as the dividend catering, free-cash-flow and …
Persistent link: https://www.econbiz.de/10013002963
value, earnings per share, and dividend policy, on stock returns. Our research uses regression analysis to determine and …, and dividend policy with dividend payout ratio indicators have no effect on stock return. …
Persistent link: https://www.econbiz.de/10014442351
, multiple total stock return measures distinguishing dividend payouts from simple stock returns. Results suggest that both … explicit and implicit risks are positively related to dividend payouts and not to stock returns, while the overall effect on … exposure and, probably as a consequence, boards in carbon intensive companies use dividend policies to attract investment in …
Persistent link: https://www.econbiz.de/10012694482
We use price pressure resulting from purchases by mutual funds with large capital inflows to identify overvalued equity. This is a relatively exogenous overvaluation indicator as it is associated with who is buying, buyers with excess liquidity, rather than what is being purchased. We document...
Persistent link: https://www.econbiz.de/10013092698
This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...
Persistent link: https://www.econbiz.de/10013026463
Persistent link: https://www.econbiz.de/10011343579
-run mean of the aggregate dividend-price ratio, most notably since the 1970s. Adjusting the dividend-price ratio for such … changes resolves several issues with respect to the predictability of stock market returns: The adjusted dividend-price ratio … predictability ; dividend-price ratio ; payout policy ; sample selection ; choice of organizational structure …
Persistent link: https://www.econbiz.de/10009663676