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exactly the same factors. In this article, we introduce a simple metric we call the factor efficiency ratio that gauges the … demonstrate the strong relationship between efficiency and risk-adjusted returns. In doing so, we also highlight several potential …
Persistent link: https://www.econbiz.de/10013032165
the efficiency of both CROBEX and CROBEX10 stock market indices. Efficient frontier was derived based on historical data … efficiency but also greater diversification opportunities in the case of the broader CROBEX index. However, lower efficiency …
Persistent link: https://www.econbiz.de/10011781494
Of the hundreds of published asset pricing anomalies, few have been properly tested to determine if they are admissible as true risk factors. Anomalies need not be risk factors, but they are often deployed in subsequent empirical tests as if they are. I leverage the equivalence between the...
Persistent link: https://www.econbiz.de/10013029753
impact on information efficiency. We construct two meme stock indices based on stocks whose purchase the Robinhood app … restricted during the GameStop episode. We provide evidence of meme stock market efficiency. Our results indicate, perhaps … efficiency …
Persistent link: https://www.econbiz.de/10013227662
impact of corporate governance on efficiency of Nepalese commercial banks. Corporate governance variables are represented by …-performing loan variable is used for bank's efficiency. The regression analysis is used to examine the relationship between corporate … governance and efficiency of bank. The findings show that bigger board and audit committee size and lower frequency of board …
Persistent link: https://www.econbiz.de/10013099213
This study investigates the role of board capital on bank’s efficiency for a sample of 45 banks in Vietnam over 2011 … factors, but not education for bank efficiency. The findings of this research contribute to the entrenchment hypothesis in … stratetic human capital resources for bank efficiency. The findings imply that shareholders should consider the networking and …
Persistent link: https://www.econbiz.de/10012501972
Crisis (GFC) and whether operational efficiency is related to shareholder value creation in informationally efficient stock … markets. The impact of GFC on bank efficiency and shareholder value creation is assessed for 29 large banks in the USA, UK … bank efficiency and shareholder value during 2008-09. A significant relationship between profit efficiency and shareholder …
Persistent link: https://www.econbiz.de/10012913163
Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...
Persistent link: https://www.econbiz.de/10011698354
The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...
Persistent link: https://www.econbiz.de/10011280832
efficiency, in the short run a generation of insiders has to give up their rights without benefiting from increased job creation …
Persistent link: https://www.econbiz.de/10011373820