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...