18 research outputs found
Too Smart to Be Selfish? Measures of Intelligence, Social Preferences, and Consistency
Full text linkShort Term Momentum and Contrarian Profits on the Bucharest Stock Exchange Before and During the Global Crisis
Full text linkCognitive Ability, Character Skills, and Learning to Play Equilibrium: A Level-k Analysis
Full text linkShort-term overreaction, underreaction and efficient reaction: evidence from the London Stock Exchange
No full textFinancialized accounts: Share buy-back, mark to market and holding the financial line in the S&P500
No full textIn recent years the US corporate sector has deployed more cash from operations to finance the repurchase of outstanding share capital for treasury stock. Shares repurchased for treasury stock can help flatter earnings per share, fund senior management share option compensation schemes and finance corporate acquisitions. In financialized accounts these are now significant transactions which, it is argued, serve the financial interests of managers and investors. The US Financial Accounting Standards Board (FASB) is now demanding a “greater use of fair value measurements in financial statements” with the result that share options and corporate acquisitions will be “marked to market”. This will force a financialized ratchet because managers in the S&P 500 will need step up cash extraction if they are to hold the financial linePeer reviewe
Reexamining the uncertain information hypothesis on the S&P 500 Index and SPDRs
No full textUncertain information hypothesis, Market efficiency, G14,
