Financial professionals and their clients exhibit a wide collection of behavioral biases that many times result in imperfect judgments and outcomes. Understanding these cognitive and affective factors are important for financial planners and advisors to ensure their clients are receiving the...

In this paper, we investigate announcement effects and longer-term performance associated with the release of the Forbes’s Best Banks survey. Although the market reacts positively to the announcement, overall event window effects are negative. Raw and risk-adjusted returns are statistically...

This paper examines the impact of announcements of dividend changes by bank holding companies (BHCs) on equity returns. Many empirical studies of dividend behavior reveal positive market responses to dividend increases, which have been interpreted as confirmation of the signaling theory of...

In this paper we examine the market reaction to the announcement by "Fortune" of the 'Best 100 Companies to Work for in America.' Employees rate firms based on several criteria including trust in management, pride in work/company and camaraderie. To examine long-term performance, we calculate...

Cover -- Title Page -- Copyright -- Contents -- Acknowledgments -- About the Editors -- About the Chapter Authors -- CHAPTER 1 Equity Markets, Valuation, and Analysis: An Overview -- Introduction -- About This Book -- Purpose of the Book -- Distinguishing Features -- Intended Audience --...

A comprehensive guide to alternative investments that reveals today's latest research and strategies Historically low interest rates and bear markets in world stock markets have generated intense interest in alternative investments. With returns in traditional investment vehicles relatively low,...

Although the basic function of a market-bringing buyers and sellers together-has changed very little over time, how trading occurs within markets has undergone remarkable transformations over the past few decades. This is where market microstructure, which is concerned with how exchange occurs...