Open Access. Powered by Scholars. Published by Universities.®

Portfolio and Security Analysis Commons

Open Access. Powered by Scholars. Published by Universities.®

300 Full-Text Articles 375 Authors 230,466 Downloads 33 Institutions

All Articles in Portfolio and Security Analysis

Faceted Search

300 full-text articles. Page 1 of 9.

Corporate Social Performance, Analyst Stock Recommendations, And Firm Future Returns, Xueming Luo, Heli WANG, Sascha Raithel, Qinqin Zheng 2014 Singapore Management University

Corporate Social Performance, Analyst Stock Recommendations, And Firm Future Returns, Xueming Luo, Heli Wang, Sascha Raithel, Qinqin Zheng

Research Collection Lee Kong Chian School Of Business

This study posits that security analysts heed corporate social performance information and factor it into their recommendations to general investors. In particular, as corporate social performance is often uncertain and ambiguous to general investors, analysts may serve as the informational pathway connecting corporate social performance to firm stock returns. Thus, we argue that analyst recommendations mediate the relationship between corporate social performance and firm stock returns. On the basis of not only a qualitative study with literature searches and interviews of stock analysts but also a quantitative study with two longitudinal samples of large firms, we find support for these ...


Be Smart: Focus On Processes And Diversify, Singapore Management University 2014 Singapore Management University

Be Smart: Focus On Processes And Diversify, Singapore Management University

Perspectives@SMU

Hedge fund managers have plenty to think about today as China transitions to a consumption-driven economy, bank financing dries up, and Washington lurches along a rocky road.


Major Personal Finance Faq, Richard H. Serlin 2014 SelectedWorks

Major Personal Finance Faq, Richard H. Serlin

Richard H. Serlin

A rare source of detailed, extensive, state of the art answers to some of the most important questions in personal finance.


Leverage Buy-Out Case Study, Binh Duc Nguyen 2013 University of New Hampshire

Leverage Buy-Out Case Study, Binh Duc Nguyen

Honors Theses

No abstract provided.


An Analysis Of Causal Relation Between Stock Return And Trading Volume In Nigerian Capital Market, Mutalib Anifowose Mr 2013 SelectedWorks

An Analysis Of Causal Relation Between Stock Return And Trading Volume In Nigerian Capital Market, Mutalib Anifowose Mr

Mutalib Anifowose Mr

No abstract provided.


How Diversified Is Your Equity Portfolio?, Bruce Vanstone 2013 Bond University

How Diversified Is Your Equity Portfolio?, Bruce Vanstone

Business papers

Extract: There can’t be many investors today who aren’t aware of the importance of diversification. Even the simplest form of naïve diversification, which just entails spreading your equity investments over as many companies as possible, is beneficial. Other more complex forms, such as modern portfolio theory allow investment professionals to use diversification as a construct in managing portfolio risk.


The Influence Of Director Stock Ownership And Board Discussion Transparency On Financial Reporting Quality, Jacob M. Rose, Cheri Mazza, Carolyn S. Norman, Anna M. Rose 2013 Sacred Heart University

The Influence Of Director Stock Ownership And Board Discussion Transparency On Financial Reporting Quality, Jacob M. Rose, Cheri Mazza, Carolyn S. Norman, Anna M. Rose

Business Faculty Publications

Seventy-two active corporate directors participate in an experiment where management insists on aggressive recognition of revenue, but the chief audit executive proposes a more conservative approach. Results indicate interactive effects of director stock ownership and the transparency of director decisions. Stock-owning directors are more likely to oppose management’s attempts to manage earnings when transparency increases. For non-stock owning directors, however, increasing transparency does not affect the likelihood that directors oppose management’s attempts to manage earnings. The current study challenges suppositions that equate director stock ownership with improved financial reporting and higher corporate governance quality, and it provides evidence ...


101 Financial Accounting Practices: Practical Questions And Answers, George E. Ekeha 2013 SelectedWorks

101 Financial Accounting Practices: Practical Questions And Answers, George E. Ekeha

George E Ekeha

More often that not, our accounting practices at the corporate levels have been very different from what actually goes on in our schools and universities. Many of our graduate students in accounting get into the real world of work and realised that whatever they learnt in the classrooms have not much impact on the practice of accounting in the corporate environment.

This book intends to bring some practical (not totally though, but I am sure it would help others to start thinking about the solutions) questions for prospective accounting graduates to test themselves on the realities of accounting jobs. The ...


Assessing The Financial Failure Using Z-Score And Current Ratio: A Case Of Sugar Sector Listed Companies Of Kse, Muhammad Shahzad Ijaz, Ahmed Imran Hunjra, Rauf i. Azam 2013 SelectedWorks

Assessing The Financial Failure Using Z-Score And Current Ratio: A Case Of Sugar Sector Listed Companies Of Kse, Muhammad Shahzad Ijaz, Ahmed Imran Hunjra, Rauf I. Azam

Ahmed Imran Hunjra

Since 1968, after the development of multivariate model, financial health of the corporate sector to predict their financial failure is heavily studied. Altman Z-Score is the most efficient model to judge the financial failure of the companies. This study uses Altman’s Z-Score and current ratio to assess the financial status of sugar sector companies listed at Karachi stock exchange. Sugar sector is the second largest slice among all sectors listed at Karachi stock exchange. Total population sampling technique was used in this study and all thirty five sugar sector listed companies at KSE were included in this study to ...


Why Do Retail Investors Make Costly Mistakes? An Experiment On Mutual Fund Choice, Jill E. Fisch, Tess Wilkinson-Ryan 2013 University of Pennsylvania Law School

Why Do Retail Investors Make Costly Mistakes? An Experiment On Mutual Fund Choice, Jill E. Fisch, Tess Wilkinson-Ryan

Faculty Scholarship

There is mounting evidence that retail investors make predictable, costly investment mistakes, including underinvestment, naïve diversification, and payment of excessive fund fees. Over the past thirty-five years, however, participant-directed 401(k) plans have largely replaced professionally managed pension plans, requiring unsophisticated retail investors to navigate the financial markets themselves. Policy-makers have struggled with regulatory interventions designed to improve the quality of investment decisions without a clear understanding of the reasons for investor mistakes. Absent such an understanding, it is difficult to design effective regulatory responses.

This article offers a first step in understanding the investor decision-making process. We use an ...


Institutional Holding Periods, Bidisha Chakrabarty, Pamela C. Moulton, Charles Trzcinka 2013 School of Hotel Administration, Cornell University

Institutional Holding Periods, Bidisha Chakrabarty, Pamela C. Moulton, Charles Trzcinka

Conference Proceedings, Presentations, and Speeches

We find wide dispersion in trade holding periods for institutional money managers and pension funds. All of the funds execute round-trip trades lasting over a year; 96% of them also execute trades lasting less than one month, although average short-duration trade returns are negative. We find only limited evidence that institutions choose holding periods based on portfolio optimization and no evidence that short-duration trades are driven by the disposition effect. Our results are consistent with the agency problem that arises when clients cannot distinguish when a manager is “actively doing nothing” versus “simply doing nothing” as well as manager overconfidence.


American Consumer Confidence & Income: Relationship With The Stock Market, Caitlin C. Tappan 2013 University of New Hampshire

American Consumer Confidence & Income: Relationship With The Stock Market, Caitlin C. Tappan

Honors Theses

No abstract provided.


Continuous-Time Mean-Variance Asset-Liability Management With Endogenous Liabilities, Haixiang Yao, Yongzeng Lai, Yong Li 2013 SelectedWorks

Continuous-Time Mean-Variance Asset-Liability Management With Endogenous Liabilities, Haixiang Yao, Yongzeng Lai, Yong Li

Yong Li

No abstract provided.


Arrow–Fisher–Hanemann–Henry And Dixit–Pindyck Option Values Under Strategic Interactions, Tomoki Fujii, Ryuichiro Ishikawa 2013 Singapore Management University

Arrow–Fisher–Hanemann–Henry And Dixit–Pindyck Option Values Under Strategic Interactions, Tomoki Fujii, Ryuichiro Ishikawa

Research Collection School Of Economics

We extend the Arrow–Fisher–Hanemann–Henry (AFHH) and Dixit–Pindyck (DP) option values to a game situation. By reinterpreting the AFHH option value as a change in the surplus from conservation because of the prospect of future information, we deal with a conceptual difficulty associated with the AFHH option value in the presence of strategic interactions. We then introduce the DP option value into a game situation. We show that the equivalence between the expected value of information and the DP option value in the standard model does not hold under strategic interactions.


Special Purpose Acquisition Companies, 2012 Fordham University

Special Purpose Acquisition Companies

Fordham Business Student Research Journal

Special purpose acquisition companies (SPACs) are blank-check companies that raise funds from investors through a public offering of shares and warrants (known as a Unit IPO) for the purpose of buying a private firm. SPACs have no assets or business plan and their only intent is to acquire an operational business. Because of limited data (SPACs have only gained popularity in the past decade), there has been very little research into the nature of firms that are targeted for SPAC acquisitions, with most research focusing on short-term performance statistics. A SPAC transaction effectively takes an existing private business and makes ...


Nestle, Annie Stevens, Dustin Fosness, Josh Katz, Jeffrey S. Harrison 2012 University of Richmond

Nestle, Annie Stevens, Dustin Fosness, Josh Katz, Jeffrey S. Harrison

Robins Case Network

Nestlé has a worldwide presence in the food industry. In spite of its market strength associated with its well-known brands, the company has been experiencing declining overall sales for several years. This case describes Nestlé’s diversification strategy and business portfolio in depth, as well as its industry and major competitors. Solving the company’s problems is challenging because of complexity and dependence on so many external factors.


Assessing Whether Oil Dependency In Venezuela Contributes To National Instability, Adam Kott 2012 University of South Florida

Assessing Whether Oil Dependency In Venezuela Contributes To National Instability, Adam Kott

Journal of Strategic Security

The focus of this article is on what role, if any, oil has on Venezuela's instability. When trying to explain why a resource-rich country experiences slow or negative growth, experts often point to the resource curse. The following pages explore the traditional theory behind the resource curse as well as alternative perspectives to this theory such as ownership structure and the correlation between oil prices and democracy. This article also explores the various forms of instability within Venezuela and their causes. Finally, the article looks at President Hugo Chavez's political and economic policies as well as the stagnation ...


European Strategies For Energy Security In The Natural Gas Market, Boyka M. Stefanova 2012 University of South Florida

European Strategies For Energy Security In The Natural Gas Market, Boyka M. Stefanova

Journal of Strategic Security

This article examines the European Union's (EU) approach to energy security on the example of its natural gas imports from Russia, the largest supplier of gas to European markets. Two major projects, Nord Stream in the Northern and Western part of the EU, and Nabucco in South-Central Europe, demonstrate opposing energy security strategies, seemingly at odds with the EU objective of achieving energy independence from Russia. The question arises: Are these strategies sustainable? How can they be reconciled and pursued under a common policy? The main argument is that such conflicting sub-regional policy initiatives are amenable to progressive realignment ...


Cover & Front Matter, 2012 University of South Florida

Cover & Front Matter

Journal of Strategic Security

No abstract provided.


The Strategic Implications Of China's Rare Earths Policy, Shane Bilsborough 2012 University of South Florida

The Strategic Implications Of China's Rare Earths Policy, Shane Bilsborough

Journal of Strategic Security

Drawing on literature in China studies, strategic theory, and expert interviews, this article analyzes the possibility of "rare earths" being leveraged by the People's Republic of China (PRC) in a crisis. The evidence suggests China's position in the rare earths market could constitute a significant security liability for the United States. It also seems that even if coercion fails to materialize, China's rare earths policies have the potential to intensify security dilemmas in Sino-American relations.


Digital Commons powered by bepress