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Social and Behavioral Sciences Commons™
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- Acquisitions; M&a; Mergers; Predict acquisitions; Predict mergers; Predicting acquisitions; Predicting mergers; Predicting mergers and acquisitions; Predicting takeover targets; Predicting takeovers; Predicting targets; Takeovers; Targets (1)
- Best performance metric; Economic value added; Eva; Portfolio investing (1)
- Etf; Exchange traded; Fund; Index; Inverse; Leverage; Proshares; S&p; Tracking (1)
- Geert hofstede; Risk premium (1)
- Investments; Modern portfolio theory; Portfolio optimization; Real estate (1)
Articles 1 - 5 of 5
Full-Text Articles in Social and Behavioral Sciences
Optimal Investment Strategies Using Multi-Property Commercial Real Estate Analysis Of Pre/Post Housing Bubble, Kyle Kundiger
Optimal Investment Strategies Using Multi-Property Commercial Real Estate Analysis Of Pre/Post Housing Bubble, Kyle Kundiger
HIM 1990-2015
This paper analyzes theperformance of five commercial real estate property types (office, retail, industrial, apartment, and hotel) between 2000 and 2012 to determine the U.S. housing crisis'simpact on Real Estate investing. Under the concept of Modern Portfolio Theory, the data was analyzed using investment analysis programs to determine correlation, risk/return characteristics, and trade-offs (Sharpe ratio) as well as the optimal allocation among the individual property types. In light of the results, each property type plays a different role in investment strategies in various economic cycles. Some assets are attractive solely based onpotential return, or risk for return tradeoffs; however, through …
Is Economic Value Added (Eva) The Best Way To Assemble A Portfolio?, Tamas Pataky
Is Economic Value Added (Eva) The Best Way To Assemble A Portfolio?, Tamas Pataky
HIM 1990-2015
In search of a better investment metric, researchers began to study Economic Value Added, or EVA, which was introduced in 1991 by Stern Stewart & Co in their book, "The Quest for Value" (Turvey, 2000). Stern Stewart & Co devised EVA as a better alternative to evaluate investment projects within the corporate finance field, later to be considered for use as a performance metric for investor use. A wide array of multinational corporations, such as Coca-Cola, Briggs and Stratton, and AT&T adopted the EVA method, which led to EVA's worldwide acclaim. Several points in the study reveal that EVA does …
Cultural Values Impact On Risk Perceptions A Comparison Of Cultural Indexes And Risk Premium, Anna Constantino
Cultural Values Impact On Risk Perceptions A Comparison Of Cultural Indexes And Risk Premium, Anna Constantino
HIM 1990-2015
This paper examines how cultural values influence risk premium across the world. Cultural values are measured by four cultural indexes, power distance, uncertainty avoidance index, masculinity index, and individualism index, established by Geert Hofstede. Our methodology determines the risk premium by using the Dividend Discount Model, and then computes the regression analysis of each index's impact on average risk premiums. After analyzing 31 countries, results show the only statistically significant correlation found was between the individualism index and risk premium. The higher the individualistic nature of the culture was the higher the risk premium. This is attributed to the overconfidence …
Predicting Mergers And Acquisitions, John D'Angelo
Predicting Mergers And Acquisitions, John D'Angelo
HIM 1990-2015
Being able to predict a merger or acquisition before it takes place could lead to an investor earning a premium, if they owned shares of the targeted firm before the merger or acquisition attempt is announced. On average acquiring firms pay a premium when acquiring or merging with a targeted firm. This study uses publicly available financial information for 7,267 attempted takeover targets and 52,343 non-targeted firms for the period January 3, 2000 through December 31, 2007 to estimate (using logit) predictive models. Financial ratios are constructed based on six hypotheses found in the literature. Although statistical evidence supports a …
Tracking Error Of Leveraged And Inverse Etfs, John Romano
Tracking Error Of Leveraged And Inverse Etfs, John Romano
HIM 1990-2015
Tracking ability of leveraged and inverse exchange traded funds can be very important to investors looking for a dependable return. If the investor wants to put their money on a certain index they feel strongly about, they expect their investment vehicle to track that return appropriately. Over the years, we have seen tremendous growth in the exchange traded fund industry. In 2006, leveraged and inverse funds were introduced to the market, allowing investors to take leveraged and directional trades on indices. These investment vehicles can be traded as easily as any stock, and therefore need some attention. Since any novice …