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This Internet Appendix includes supplementary discussion and analyses. The original paper "Market (in)attention and the strategic scheduling and timing of earnings announcements" is available at the following URL: "http://ssrn.com/abstract=2545966" http://ssrn.com/abstract=2545966
Persistent link: https://www.econbiz.de/10012835091
This paper shows that the notion of rate of return is best understood through the lens of the average-internal-rate-of-return (AIRR) model, first introduced in Magni (2010a). It is an NPV-consistent approach based on a coherent definition of rate of return and on the notion of Chisini mean, it...
Persistent link: https://www.econbiz.de/10012962027
Free Cash Flow (FCF) was adopted in the late 1980s as a financial tool to evaluate the firm and its individual projects. We question the procedure of calculating the FCF where a significant portion of Current Liabilities is offset against Current Assets, thereby creating the hybrid asset Net...
Persistent link: https://www.econbiz.de/10012996576
This chapter discusses personal financial planning, which is an interdisciplinary practice that employs a six-step process to develop integrated strategies for individuals and families to efficiently mobilize their human and financial capital to achieve their life goals. Financial planning draws...
Persistent link: https://www.econbiz.de/10012954723
In recent decades, trading has become very popular among retail investors, mainly owing to widespread use of technology and a reduction in transaction costs. However, the growing information available to individuals and the higher complexity of financial markets have led investors to make...
Persistent link: https://www.econbiz.de/10012954895
In the oversight of most funds, the portfolio manager holds the key decision-making power. Often regarded as foundational to the investment process, a few select managers can attract billions of dollars from investors, giving the managers increased prominence, credibility, and compensation....
Persistent link: https://www.econbiz.de/10012954973
This study investigates the association between financial constraints and cost stickiness. Using a large U.S. sample from 1976 to 2016, we find that financially-constrained firms exhibit cost anti-stickiness, i.e., costs increase proportionately less when sales increase; but decrease...
Persistent link: https://www.econbiz.de/10012909353
This chapter focuses on the attitude of investors toward financial gains and losses and their decisions on wealth allocation, and how these changes are subject to behavioral factors. The focal point is the integration of behavioral elements into the classic portfolio optimization. Individual...
Persistent link: https://www.econbiz.de/10013053271
Asset allocation and portfolio diversification decisions have important welfare and policy implications. This chapter reviews studies that examine three key aspects of financial investing: participation in stock markets, portfolio diversification, and trading behavior. Standard finance theory...
Persistent link: https://www.econbiz.de/10013053275
This paper provides a different way of thinking about, and dealing with, four important issues. First, the overarching purpose of a firm involves communicating a vision, organizing to survive and prosper, working continually to develop win-win relationships, and taking care of future...
Persistent link: https://www.econbiz.de/10012950534