Showing 1 - 10 of 3,785
Firm Profitability - Does it really matter for shareholder return or ROE (return on equity)? Does this question sound oxymoron and antithetic? Not really. On the contrary, evidence has surfaced that Returns on equity - based on the shareholders' equity accounted in the balance sheet - is not...
Persistent link: https://www.econbiz.de/10012841357
Using a unique money manager database that allows managers to identify their own investment styles, we examine 4 …
Persistent link: https://www.econbiz.de/10013138275
, and corruption and corporate-governance issues, as well as a variety of restrictions, make direct investment in Chinese …
Persistent link: https://www.econbiz.de/10013038485
The academic research is incontrovertible. On paper, value investing (at least as defined as investing in low PE and low price to book stocks) beats growth investing. Notwithstanding this finding, growth investing retains its allure with a large subset of investors, drawn by the payoff from...
Persistent link: https://www.econbiz.de/10013103070
We decompose asset growth into external and internal growth and construct the expected investment growth measures based … on different components. The expected external investment growth predicts future stock return positively and subsumes the … expected investment growth premium controlling for other firm characteristics and risk factors. For a $q$-theory-based model …
Persistent link: https://www.econbiz.de/10014349470
We propose a unified theory of asset price determination encompassing both "conventional" and "alternative" asset classes (private equity, real estate, etc.). The model features disruption of old by young firms and skewness in the distribution of innovative rents among the young innovators. The...
Persistent link: https://www.econbiz.de/10014512038
This paper explores whether any investment products or strategies in South Africa take environmental sustainability … into account. By looking at how environmental, social, and governance (ESG) criteria are used in investment decision making …, we found that most socially responsible investment products and responsible investment strategies largely focus on …
Persistent link: https://www.econbiz.de/10014193087
This paper investigates the compensation and growth dynamics of private equity firms. Using proprietary data, I estimate that about half of their revenue is performance-related and find that current fund performance also has indirect effects on firms’ future revenue. The dynamics of these...
Persistent link: https://www.econbiz.de/10013405195
investment in Mauritius for the period from 1976 to 2014. The study assumes that investment and financial development have an … market-based financial development Granger-cause investment, both in the short run and in the long run. The study, therefore … development in order to spur investment. …
Persistent link: https://www.econbiz.de/10011922312
This paper concentrates on three financial variables in promoting capital accumulation in the two groups of Asian economies. The empirical result shows that the ASEAN economies' financial performance is far less satisfactory than the four Asian NIEs. Considering the experience of the last two...
Persistent link: https://www.econbiz.de/10013011110