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This paper examines the relation between cognitive perceptions of management and firm valuation. We develop a composite measure of investor perception using 30-second content-filtered video clips of initial public offering (IPO) roadshow presentations. We show that this measure, designed to...
Persistent link: https://www.econbiz.de/10011445374
-Arrow goodwill as a state variable. Assuming an infinite time horizon, we use some dynamic programming techniques in infinite … dimension to characterize both the optimal advertising effort and the optimal goodwill path in the long run. An interesting …
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This paper examines the relation between cognitive perceptions of management and firm valuation. We develop a composite measure of investor perception using 30-second content-filtered video clips of initial public offering (IPO) roadshow presentations. We show that this measure, designed to...
Persistent link: https://www.econbiz.de/10012947928
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