Kosowski, Timmermann, Wermers, and White (2006) find that certain growth-oriented fund managers have substantial skill but do not stipulate the particular skills that they possess. We examine in detail the style-timing abilities of 3,181 US growth-oriented equity mutual funds over the period...

This study explores whether security analysts recognize firms’ going-concern problems and report appropriately to investors. We find that analysts signal their anticipation of the publication of a going-concern modified (GCM) audit report in two ways: 1) they downgrade more aggressively stock...

This research concerns relationships between effective IR and stock pricing andstock liquidity and analyst coverage. This thesis develops the IR literature byusing an original and focused measure of IR performance, numbers of firms'nominations for the Investor Relations Magazine IR awards...

The finance literature suggests that analysts’ stock recommendations have negligibleimpact on market prices. Some studies suggest this lack of market impact may be partlydriven by the affiliations between investment banks and the firms their brokerage armscover (conflicts of interest)....

This thesis examines the motivation by UK firms for one aspect for corporate philanthropy – support for the arts. The literature has shown that there is an increase in strategic philanthropy – business giving which is designed to meet the objectives of business and society, yet there is no...

The seminal market efficiency paradigm in finance is being increasingly challengedby evidence apparently inconsistent with its predictions. Such "anomalies" tend toshow that the market does not fully incorporate information upon its release in anunbiased way. Recent literature in finance...