I investigate whether and how private equity fund managers (GPs) inflate their interim fund valuations (net asset values, or NAVs) during fundraising periods. Specifically, I study the extent to which the GPs inflate NAVs by managing valuation assumptions (e.g., valuation multiples), influencing...

Prior research finds that sell-side analysts are generally willing partners with company management in facilitating the consistent meeting or beating of earnings expectations. We examine analysts who demonstrate the opposite behavior: issuing an unusually optimistic earnings forecast at the end...

A large body of literature has tried to identify the relative information contributions of different characteristics - jointly or in isolation - to the cross-section of stock returns. These characteristics generally cover three data sources: market, fundamentals, and analyst recommendations. In...

This document is a flow chart form is created to give a high-level view of the Life Insurance business from a shareholder’s point of view. This explains the role of capital that shareholders inject in relation to the achievement of profit and how risk management helps in the optimization of...

This article discusses the fundamental factor important in the management of risk. This fundamental factor is ‘Risk Identification”. Unless or until risks are not identified, the risk mitigation process cannot take off. Because of a lack of risk identification, most of the risks fall through...

Purpose- This study investigates the impact of Corporate Social Responsibility (CSR) on stock prices of Indian listed companies. The literature reviews show a strong contradictory of the relationship between CSR and stock prices which is still debatable. This study will tell whether there is a...

We show that the trading-fee breakdown (fee pricing) depends on the distribution of investor gains-from-trade relative to the tick size. Absent price discreteness, an increase in investor gains-from-trade increases the total fee proportionally, but the fee breakdown has no effect. With price...

The purpose of the article is to assess the level of any overlap between the second and third lines of defense in the global market. The level of overlap influences the independence of the two lines and the maturity of risk management and audit function. The data is obtained by conducting a poll