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Full-Text Articles in Business
The Impact Of Prior Firm Financial Performance On Subsequent Corporate Reputation, Sue Annis Hammond, John W. Slocum, Jr.
The Impact Of Prior Firm Financial Performance On Subsequent Corporate Reputation, Sue Annis Hammond, John W. Slocum, Jr.
Historical Working Papers
Using data from Fortune magazine's survey of corporate reputations, an analysis was performed to determine whether there was a significant correlation between financial performance and a firm's reputation as a socially responsible institution. Results indicate a conundrum where management must produce financial results for stakeholders, but that too aggressive a course of action in that process can reduce later perceptions of reputation and lead to diminished autonomy for management initiatives.
Interest Rate Swaps : A Bargaining Game Solution, Uday Apte, Prafulla G. Nabar
Interest Rate Swaps : A Bargaining Game Solution, Uday Apte, Prafulla G. Nabar
Historical Working Papers
Two types of interest rate swaps are analyzed, one between a firm and intermediary and one between two risky firms through an intermediary. A game model is introduced that can provide the equilibrium swap rate that is acceptable to both parties.
An Interactive Approach To Pension Fund Asset Management, David A. Goodman, John W. Peavy, Iii
An Interactive Approach To Pension Fund Asset Management, David A. Goodman, John W. Peavy, Iii
Historical Working Papers
Pointing to anomalies that suggest the market is not entirely efficient, a new hybrid strategy is proposed that plays on the strengths of bothsecurity analysis for undervalued securities and risk return analysis in choosing investment targets.
A Further Inquiry Into The Market Value And Earnings' Yield Anaomalies, John W. Peavy, Iii, David A. Goodman
A Further Inquiry Into The Market Value And Earnings' Yield Anaomalies, John W. Peavy, Iii, David A. Goodman
Historical Working Papers
The apparent existence of two stock market anomalies, the earnings' yield (E/P ratio) and the market value (MV) effects, has stimulated considerable research. This study expands the E/P - MV literature by detecting the following: (1) both an E/P and a MV effect exist among a sample of industrial stocks over the 1970-1980 period; (2) using risk-adjusted returns, each of the E/P and MV effects persisted even after controlling the other; (3) an adjustment for a significant time bias in the returns data caused the MV anomaly to disappear after controlling for E/P ratios, but a significant E/P effect remained; …
The Significance Of Price-Earnings Ratios On Portfolio Returns, John W. Peavy, Iii, David A. Goodman
The Significance Of Price-Earnings Ratios On Portfolio Returns, John W. Peavy, Iii, David A. Goodman
Historical Working Papers
This study evaluates the PE ratio as a means of predicting portfolio returns. Results indicate that the PE ratio is a good factor in predicting return and that the CAPM measure may be inadequate.
Price-Earnings Relatives - A New Twist To The Low-Multiple Strategy, John W. Peavy, Iii, David A. Goodman
Price-Earnings Relatives - A New Twist To The Low-Multiple Strategy, John W. Peavy, Iii, David A. Goodman
Historical Working Papers
Authors support the notion that companies with low price-earning ratios make excellent investments with above normal returns balanced by lower than normal risk.