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Infrastructure indices : comparative analysis of performance, risk and representation of global listed proxies
Lambrev, Dimitar - In: Naše gospodarstvo : NG 65 (2019) 3, pp. 23-39
benchmarking infrastructure. The high correlation of the main listed infrastructure indices with the broad equity index MSCI World … within the listed infrastructure space with lacking reliable and useful benchmarking. The commonly used and far …
Persistent link: https://www.econbiz.de/10012105600
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Ambiguity aversion and beating benchmarks : does it create a pattern?
Kolasinski, Adam; Li, Xu; Soliman, Mark; Xin, Qian - In: Management science : journal of the Institute for … 69 (2023) 11, pp. 7059-7078
Persistent link: https://www.econbiz.de/10014435458
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Product Competitiveness and Beating Analyst Earnings Target
Luo, Xueming - 2014
While Wall Street closely watches financial analysts' earnings forecasts, Main Street often scrutinizes product quality relative to competition. Do firms with superior product competitiveness enjoy greater likelihood of beating analyst earnings target? And if so, is there contingency in this...
Persistent link: https://www.econbiz.de/10013064014
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Contrarian or Momentum Profits in Pakistani Market
Jaswal, Rameez Alam - 2011
Persistent link: https://www.econbiz.de/10013130302
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Institutional Investors, Heterogeneous Benchmarks and the Comovement of Asset Prices
Buffa, Andrea M - 2018
these benchmarking-induced spillovers by analyzing shock elasticities and cross-elasticities of price-dividend ratios, and … benchmarks, and demonstrate how heterogeneous benchmarking generates a mechanism through which fundamental shocks propagate … across assets. Fluctuations in asset managers' capital invested for benchmarking purposes, scaled by the size of the economy …
Persistent link: https://www.econbiz.de/10012910534
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Overvalued Equity, Benchmark Beating and Unexpected Accruals
Coulton, Jeffrey - 2014
We investigate the extent to which the overvaluation hypothesis provides incentives for managers to beat earnings benchmarks, and whether this benchmark beating can be reliably interpreted as evidence of earnings management. We carefully identify firms immediately above earnings benchmarks that...
Persistent link: https://www.econbiz.de/10013065526
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Adaptive Benchmarks Based on Stock and Market Performances in Repurchase Decisions
Jiao, Peiran - 2016
Recently, reinforcement has been identified as an important driver of stock repurchasing decisions. We enrich the existing reinforcement model of repurchasing by an aspiration-based market benchmark. Reinforcement relative to an adaptive benchmark is a well-established model of behavior in...
Persistent link: https://www.econbiz.de/10012991416
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Risk-Return Inversion as a Consequence of Benchmarking : An Empirical Evidence
Wong, Dan Xia - 2023
This paper provides empirical evidence that risk-return inversion in stock prices, characterized by high expected returns and low volatility, is a consequence of mutual funds’ performance evaluation against a benchmark. Mutual funds evaluated against a same benchmark have tendencies to imitate...
Persistent link: https://www.econbiz.de/10014351278
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Equilibrium Effects of Intraday Order-Splitting Benchmarks
Choi, Jin Hyuk - 2020
This paper presents a continuous-time model of intraday trading, pricing, and liquidity with dynamic TWAP and VWAP benchmarks. The model is solved in closed-form for the competitive equilibrium and also for non-price-taking equilibria. The intraday trajectories of TWAP trading targets cause...
Persistent link: https://www.econbiz.de/10012852621
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Trading by professional traders: an experiment
Cipriani, Marco; De Filippis, Roberta; Guarino, Antonio; … - 2020
We examine how professional traders behave in two financial market experiments; we contrast professional traders' behavior to that of undergraduate students, the typical experimental subject pool. In our first experiment, both sets of participants trade an asset over multiple periods after...
Persistent link: https://www.econbiz.de/10012259899