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Forecasting Ability but No Profitability: an Empirical Evaluation of Genetic Algorithm-Optimized Technical Trading Rules

Pereira, Robert - Department of Economics and Finance, La Trobe Business … - 1999

This paper evaluates the performance of several popular technical trading rules applied to the Australian share market. The optimal trading rule parameter values over the in-sample period of 4/1/82 to 31/12/89 are found using a genetic algorithm. These optimal rules are then evaluated in terms...

Persistent link: https://www.econbiz.de/10010541538

A Model of Shareholder Discounts

Yin, Xiangkang - Department of Economics and Finance, La Trobe Business … - 1999

Many companies supplying consumption goods and services provide their shareholders with price discounts when they … welfare analysis shows that discounts definitely increase major shareholders' wealth in contrast to the benchmark case of …

Persistent link: https://www.econbiz.de/10010541677

Give Me Your Wired and Your Highly Skilled: Measuring the Impact of Immigration Policy on Employers and Shareholders

Lin, Carl - Institute for the Study of Labor (IZA) - 2011

employers and shareholders, particularly in those industries with high needs for skilled immigrants. The American … this bill and analyze whether and by how much its passage increased shareholders’ profit. The empirical results show that … employers and shareholders in the top H-1B visa user industries enjoyed significant and positive returns with the passage of the …

Persistent link: https://www.econbiz.de/10009294984

The role of outcome focus within subject positions tied to shareholder value

Chakhovich, Terhi - In: Qualitative Research in Accounting & Management 7 (2010) November, pp. 450-475

Purpose – This paper seeks to elaborate on how subject positions promoting shareholder value are infused with an outcome focus. Design/methodology/approach – The study employs Foucault's perspectives on government and the interrelations between objectivity and subjectivity in the analysis of...

Persistent link: https://www.econbiz.de/10009319443

Audit quality and accrual persistence: evidence from the pre- and post-Sarbanes-Oxley periods

Chambers, Dennis; Payne, Jeff - In: Managerial Auditing Journal 26 (2011) May, pp. 437-456

Purpose – The purpose of this paper is two-fold: first, to examine whether the quality of accruals, as measured by accrual persistence, improved in the post-Sarbanes-Oxley (SOX) period, and second, to examine the degree to which SOX-related improvement in accrual persistence varies across...

Persistent link: https://www.econbiz.de/10009320917

Agency theory and managerial ownership: evidence from Malaysia

Mustapha, Mazlina; Ahmad, Ayoib Che - In: Managerial Auditing Journal 26 (2011) May, pp. 419-436

Purpose – The purpose of this paper is to investigate the effect of managerial ownership in relation to agency theory in the Malaysian business environment. In addition to examining the total managerial shareholdings, this study also investigates the association between direct and indirect...

Persistent link: https://www.econbiz.de/10009320926

Give me your wired and your highly skilled: measuring the impact of immigration policy on employers and shareholders

Lin, Carl - Institut d'Economia de Barcelona (IEB), Facultat … - 2011

This paper links finance theory to labor economics in the context of migration and immigration policy. Using event analysis, I measure the impact of immigration policy on the firm profits, in particular the American Competitiveness and Workforce Improvement Act (ACWIA) of 1998 nearly doubled the...

Persistent link: https://www.econbiz.de/10009323610

Bank debt and performance of Continental European firms

Krivogorsky, Victoria; Grudnitski, Gary; Dick, Wolfgang - In: International Journal of Economics and Business Research 3 (2011) 6, pp. 593-608

on shareholders' funds. When repeating the analysis on a country-by-country basis, an association is found between bank …

Persistent link: https://www.econbiz.de/10009352455

Impact of reform and privatisation on shareholders with special reference to power sector reform in Orissa

Kundu, Goutam Kumar; Mishra, Bidhu Bhusan - In: International Journal of Economics and Accounting 2 (2011) 2, pp. 190-210

the impact of reform on shareholders of power sector. The effect of reform on shareholders of the power sector has been … shareholders are interested. The impact of reform has been found to be a mixed one; where most of the shareholders have been …

Persistent link: https://www.econbiz.de/10009352571

The market for corporate control in Greece: a critical assessment of the wealth effects to bidder-companies' shareholders

Tampakoudis, Ioannis A.; Subeniotis, Demetres N.; … - In: International Journal of Economic Policy in Emerging … 4 (2011) 2, pp. 117-139

the marginally positive Abnormal Returns (ARs) accruing to bidder-companies' shareholders. The returns are not …

Persistent link: https://www.econbiz.de/10009352855