A generalized version of the standard neoclassical investment model can explain the relatively high equity prices in the late 1990s and early 2000s in the US corporate nonfinancial and NASDAQ sectors along with the relatively low prices before and after this period. Stock returns predicted by...

This paper deals with approving the effect of both a governance system and individual cognitive and emotional features in the financial analysis of a firms’ innovation decision. After discussing the theoretical linking between ownership concentration and the CEO’s attitude and behavior, we...