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Full-Text Articles in Management Sciences and Quantitative Methods
Individuals Approaching Retirement Have Options (Literally) To Secure A Comfortable Retirement, Bryan Foltice
Individuals Approaching Retirement Have Options (Literally) To Secure A Comfortable Retirement, Bryan Foltice
Bryan Foltice
This article examines the critical final five-year period leading up to retirement and analyzes whether traditional asset-allocation strategies effectively and consistently assist individuals in reaching their retirement income goals as they approach retirement. These traditional strategies are evaluated against alternative, option-based investment strategies that assure a certain amount of retirement income, after adjusting for inflation, while maximizing stock participation with the remaining funds in the portfolio through the use of options. In this simulation, we find higher overall expected yields in the traditional investment strategies over the evaluated five-year period. However, after applying a constant relative risk aversion (CRRA) coefficient, …
In Equations We Trust? Formula Learning Effects On The Exponential Growth Bias, Bryan Foltice, Thomas Langer
In Equations We Trust? Formula Learning Effects On The Exponential Growth Bias, Bryan Foltice, Thomas Langer
Bryan Foltice
This paper evaluates the possible benefits and drawbacks of the formal formula learning of compound growth as it pertains to eliminating, or at least reducing, the exponential growth bias in various household savings and debt decisions. In our main experimental study, we determine if the ability to calculate the simple compound savings formula only assists in its direct area of application with an available calculator, or if this knowledge extends into similar exponentially-based savings and debt decisions when either a calculator is prohibited or when the formula is unknown. In the process of tackling this research question, we develop a …
Can Cognitive Error Explain The Ipo Partial Adjustment Phenomenon?, Steven D. Dolvin
Can Cognitive Error Explain The Ipo Partial Adjustment Phenomenon?, Steven D. Dolvin
Steven D. Dolvin
Chapter 5 of: Klein, E. (2005). Stock exchanges, IPO's and mutual funds. New York: Nova Science Publishers.
The Impact Of Board Structure On Ipo Underpricing, Steven Dolvin, Jack Kirby
The Impact Of Board Structure On Ipo Underpricing, Steven Dolvin, Jack Kirby
Steven D. Dolvin
Prior research has examined the impact of board structure on firm performance and found that characteristics such as board size affect both operating and stock price performance. Existing research has concentrated primarily on performance in periods well removed from a firm’s initial public offering (IPO), and relatively little research has examined the impact of board structure on the stock price performance of IPOs, particularly with regard to characteristics other than board size. This study fills this gap, finding that the key board characteristic is the percentage external directors on the board. The authors find that the greater the percentage of …