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of this study is to analyze the impacts of partner volatility (new member, old member, and new group) on firm value ….Design/methodology – To analyze the impact of partner volatility on firm value, companies in strategic alliances are classified into the three … values of alliance announcement times. Originality/value – This study analyzed partner volatility on relevant companies …
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profitability, distress, lotteryness, and volatility anomalies, influencing their returns via the channel of idiosyncratic skewness …
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stock price volatility. Furthermore, financial risk has declined over the last three decades indicating that any upward … trend in equity volatility was driven entirely by economic risk factors. This explains why financial distress (as opposed to … volatility reached unprecedented highs …
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The Internet Appendix provides additional results on cash-flow durations, dividend shares, dynamic properties of buy-and-hold vs. rebalanced portfolios, additional robustness checks, and preliminary analysis on the growth premium.The paper "Do Cash Flows of Growth Stocks Really Grow Faster?" may...
Persistent link: https://www.econbiz.de/10012979458
Contrary to conventional wisdom, growth stocks (low book-to-market stocks) do not have substantially higher future cash-flow growth rates than value stocks, in both rebalanced and buy-and-hold portfolios. The efficiency growth, survivorship and look-back biases, and rebalancing effect help...
Persistent link: https://www.econbiz.de/10013008562
The impact resulted from the dividend policy of a firm, on the volatility of the market value of stocks, is the major … the current year has a negative impact on the share price volatility, while the dividend payout ratio of both the current … being contrary in case of the share price volatility. Accordingly, the firms' ability of utilizing the dividend policy as a …
Persistent link: https://www.econbiz.de/10013010765
The impact resulted from the dividend policy of a firm on the volatility of the market value of stocks is the major … yield of the current year has a negative impact on the share price volatility, while the dividend payout ratio of both the … being contrary in case of the share price volatility. Accordingly, the firms’ ability to utilizing the dividend policy as a …
Persistent link: https://www.econbiz.de/10013239224
While it is well known that short selling predicts future negative stock price performance, it has not been established whether short selling predicts future negative operating performance. We find that firms in the top decile of increases in short interest (an increase of about four percentage...
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