A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2012; you can also visit the original URL.
The file type is application/pdf.
Filters
Do Option Traders on Value and Growth Stocks React Differently to New Information?
2007
Social Science Research Network
Preserved Fulltext
This paper compares the changes in implied volatilities of options on Nasdaq 100 and Russell 2000 value and growth portfolios. ...
The empirical evidence using put options indicates a greater degree of overreaction or misreaction in options on growth indices as proxied by Nasdaq 100 and Russell 2000 growth compared to options on Russell ...
0.037 $345,188 Long-term 0.193 0.186 0.039 $185,728 Russell 2000 Growth Short-term 0.214 0.205 0.059 $8,990 Long-term 0.221 0.218 0.034 $10,821 Russell 2000 Value Short-term 0.172 0.170 0.039 $7,840 Long-term ...
doi:10.2139/ssrn.1081363
fatcat:egws3hfukrcqpopqss2b3q5nb4
Do option traders on value and growth stocks react differently to new information?
2009
Review of Quantitative Finance and Accounting
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2012; you can also visit the original URL.
The file type is application/pdf.
This paper compares the changes in implied volatilities of options on Nasdaq 100 and Russell 2000 value and growth portfolios. ...
The empirical evidence using put options indicates a greater degree of overreaction or misreaction in options on growth indices as proxied by Nasdaq 100 and Russell 2000 growth compared to options on Russell ...
2000 Growth
Short-term
0.214
0.205
0.059
$8,990
Long-term
0.221
0.218
0.034
$10,821
Russell 2000 Value
Short-term
0.172
0.170
0.039
$7,840
Long-term
0.184
0.185
0.026
$13,588 ...
doi:10.1007/s11156-009-0134-y
fatcat:woqk4zi2vfhedogukj4lru3sfu
A framework for value investing
2013
Australian Journal of Management
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2017; you can also visit the original URL.
The file type is application/pdf.
We define the relative value of an investment in terms of the prospective yield implied by the investment's current price and expected future cash flows. ...
This paper provides a framework for defining, formulating and evaluating value investment strategies. ...
Second, analysts' forecasts of longer-term earnings may be simple extrapolations of their short-term earnings forecasts and are poor proxies for investors' actual long-term earnings expectations. ...
doi:10.1177/0312896213510715
fatcat:bdsa5d6vibgujpa4fb4yqvrt3a
A Framework for Value Investing
2013
Social Science Research Network
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2017; you can also visit the original URL.
The file type is application/pdf.
We define the relative value of an investment in terms of the prospective yield implied by the investment's current price and expected future cash flows. ...
This paper provides a framework for defining, formulating and evaluating value investment strategies. ...
Second, analysts' forecasts of longer-term earnings may be simple extrapolations of their short-term earnings forecasts and are poor proxies for investors' actual long-term earnings expectations. ...
doi:10.2139/ssrn.2310852
fatcat:2rhupy7vqze6bezoo7nosam5jy
Investment Horizon and Corporate Social Performance: The Virtuous Circle of Long-Term Institutional Ownership and Responsible Firm Conduct
2017
Social Science Research Network
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2019; you can also visit the original URL.
The file type is application/pdf.
from the Russell 2000 index. ...
The switch of firms between the two Russell indexes and the inclusion/exclusion of firms in the Russell 2000 index are used as the IVs in our first stage For the detailed explanations of the Russell Index ...
doi:10.2139/ssrn.3045946
fatcat:efk4cxqijretpammc2b3gdwyz4
Sustainable Investing: Establishing Long-Term Value and Performance
2012
Social Science Research Network
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2016; you can also visit the original URL.
The file type is application/pdf.
Executive Summary In Sustainable Investing: Establishing Long-Term Value and Performance we have conducted 2 main analyses: Firstly, we outline a history of Sustainable Investing (SI), from Ethical negative ...
long-term, both in terms of stock market and accounting performance". ...
The REP was created with the long-term investment horizon that integrated financial analysis and ESG factors with active ownership. ...
doi:10.2139/ssrn.2222740
fatcat:oww7grw3rvai7bdxigyr5ee4ey
Influence or Preference? A New Look at Institutional Ownership and Earnings Management
2021
Businesses
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2022; you can also visit the original URL.
The file type is application/pdf.
The question is whether institutional investors drive down earnings management of the firms they invest in, or they choose firms with lower earnings management. ...
In this paper, we use the instrument variable design of the Russell 1000 and 2000 indices reconstruction to obtain an exogenous variation in institutional ownership. ...
Manipulating earnings around IPO and SEO will lead to both short-term and long-term negative returns after their issuance [1, 2] . ...
doi:10.3390/businesses1030012
fatcat:5wcemgct3jb6bke4j5vzow5i6u
Redefining Shareholder Value Maximization: Identifying key sustainable investment strategies and their role in rehabilitating corporate purpose
2022
Consilience - The Journal of Sustainable Development
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2022; you can also visit the original URL.
The file type is application/pdf.
maximization' that ties positive externalities to long-term portfolio performance. ...
Grounded in case studies and real-life interviews, this essay explore ways in which investors can transcend their roles of merely financiers to become gatekeepers, value creators and reformers of corporate ...
During and postinvestment, the firm can be valued by its (i) short term profitability (ii) long term post-investment profitability and (iii) ESG standards. ...
doi:10.52214/consilience.vi25.8794
fatcat:rasewkhuezcjpgykg53ktienha
Examining the Performance of a Value Investing Heuristic: Evidence from the S&P/TSX 60 from 2001-2011
2012
Social Science Research Network
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2016; you can also visit the original URL.
The file type is application/pdf.
We develop a simple heuristic for making value investing decisions based on profitability, financial stability, susceptibility to bankruptcy, and margin of safety. ...
Thus the heuristic can be viewed as a reliable set of value investing decision criteria. ...
In the value investing paradigm, measuring and comparing returns on short-term basis is meaningless. ...
doi:10.2139/ssrn.2252983
fatcat:5r3pudxmcffhra3dkz7q2jcdhy
The Effect of Institutional Ownership on Firm Transparency and Information Production
2014
Social Science Research Network
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2015; you can also visit the original URL.
The file type is application/pdf.
Our analyses use the annual reconstitution of the Russell 1000 and 2000 indexes. ...
The characteristics of firms near the Russell 1000/2000 threshold are similar, except that firms just included in the top of the Russell 2000 index have discontinuously higher institutional ownership, ...
Quasi-indexer Quasi-indexers are characterized by low turnover, high diversification, and a long-term investment horizon. ...
doi:10.2139/ssrn.2528891
fatcat:eb6zikabezeotlwbb2birht5wa
The Effect of Institutional Ownership on Payout Policy: A Regression Discontinuity Design Approach
2012
Social Science Research Network
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2013; you can also visit the original URL.
The file type is application/pdf.
We also find evidence of a causal effect on proxy voting, corporate investment, R&D, and equity issuance. ...
We show that higher institutional ownership causes firms to pay more dividends and repurchase more shares. ...
payment if they become smaller and move from the Russell 1000 index to the Russell 2000 index because their investment opportunities shrink.) ...
doi:10.2139/ssrn.2102822
fatcat:z2jlsaxd2vfxrfmljioxxbcpqi
The effect of institutional ownership on firm transparency and information production
2015
Journal of Financial Economics
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2015; you can also visit the original URL.
The file type is application/pdf.
Our analyses use the annual reconstitution of the Russell 1000 and 2000 indexes. ...
The characteristics of firms near the Russell 1000/2000 threshold are similar, except that firms just included in the top of the Russell 2000 index have discontinuously higher institutional ownership, ...
Quasi-indexer Quasi-indexers are characterized by low turnover, high diversification, and a long-term investment horizon. ...
doi:10.1016/j.jfineco.2015.05.008
fatcat:aynaimmmvrch3dlbo4so3xqfv4
The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Awareness
2013
Management science
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2017; you can also visit the original URL.
The file type is application/pdf.
This evidence is consistent with the view that CSR activities can add value to the firm but only under certain conditions. ...
T his paper shows that corporate social responsibility (CSR) and firm value are positively related for firms with high customer awareness, as proxied by advertising expenditures. ...
seminar participants at London Business School for useful comments and discussions. ...
doi:10.1287/mnsc.1120.1630
fatcat:ontv4ganlve6zc4v7fd5yrpsia
Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism
2018
Social Science Research Network
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2019; you can also visit the original URL.
The file type is application/pdf.
We analyze whether the growing importance of passive investors has influenced the campaigns, tactics, and successes of activists. ...
Overall, our findings suggest that the increasingly large ownership stakes of passive institutional investors mitigate free-rider problems associated with certain forms of intervention and ultimately increase ...
This table reports estimates of our first-stage regression of passive ownership onto an indicator for membership in the Russell 2000 index plus additional controls. Specifically, we estimate ...
doi:10.2139/ssrn.2693145
fatcat:6ss2rbsjj5axhbhmhnylbr3yhi
How Is Manifest Branding Strategy Related to the Intangible Value of a Corporation?
2004
Journal of Marketing
Preserved Fulltext
A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2019; you can also visit the original URL.
The file type is application/pdf.
These strategies differ in their essential structure and in their potential costs and benefits to the firm. ...
In addition, most of the firms would have been able to improve their Tobin's q had they adopted a branding strategy different from the one their brand portfolios revealed. ...
= (short-term liabilities -short-term assets) + book value of long-term debt, and TA = book value of total assets. ...
doi:10.1509/jmkg.68.4.126.42735
fatcat:yzicvj5ydfc4jfgraajjlx4aiq
« Previous
Showing results 1 — 15 out of 1,977 results