Ditapis dengan
Learning from Stock Prices and Economic Growth
A competitive stock market is embedded into a neoclassical growth economy to analyze the interplay between the acquisition of information about firms, its partial revelation through stock prices, capital allocation, and income. The stock market allows investors to share their costly private signals in a cost-effective incentive-compatible way. It contributes to economic growth by raising total …
- Edisi
- Vol. 27 No. 10, Oct 2014
- ISBN/ISSN
- 1465-7368
- Deskripsi Fisik
- 3097 p.
- Judul Seri
- The Review of Financial Studies
- No. Panggil
- RFS2710
Driving shareholder value : value-building techniques for creating shareholde…
Includes bibliographies, index and tables
- Edisi
- -
- ISBN/ISSN
- 71359583
- Deskripsi Fisik
- xiii, 399 p. : ill. ; 24 cm.
- Judul Seri
- -
- No. Panggil
- 658.15 MOR d
The Little book of valuation : how to value a company, pick a stock and profit
Includes tables
- Edisi
- -
- ISBN/ISSN
- 9781118004777
- Deskripsi Fisik
- xvii, 230 p. : ill. ; 19 cm.
- Judul Seri
- -
- No. Panggil
- 332.63221 DAM l
Analisis Pengaruh Perhatian Investor pada Masa Penawaran Umum Perdana (IPO) t…
Penelitian ini menganalisis pengaruh perhatian investor pada masa penawaran umum perdana saham (IPO) terhadap volatilitas harga saham pasca IPO atau setelah saham tersebut tercatat dan diperdagangkan di Bursa Efek Indonesia (BEI). Penelitian ini menggunakan data saham-saham emiten yang melakukan IPO di BEI setelah diberlakukannya mekanisme penawaran umum perdana secara elektronik (e-PO), dengan…
- Edisi
- -
- ISBN/ISSN
- -
- Deskripsi Fisik
- xii, 58 p. ; 30 cm
- Judul Seri
- -
- No. Panggil
- T 627/23
Analisis Pengaruh Kestabilan Politik dan Sentimen Investor terhadap Performa …
Studi ini bertujuan untuk meneliti kestabilan politik dan sentimen investor terhadap performa tingkat pengembalian harga saham pada bank umum di negara anggota G20 periode 2013 sampai 2022. Sampel penelitian terdiri dari 68 bank umum yang terletak pada 19 negara yaitu Afrika Selatan, Amerika Serikat, Arab saudi, Argentina, Australia, Brazil, India, Indonesia, Inggris, Itali, Jepang, Jerman, Kan…
- Edisi
- -
- ISBN/ISSN
- -
- Deskripsi Fisik
- xiv, 76 p. : il. ; 30 cm.
- Judul Seri
- -
- No. Panggil
- S 15125
Are Analyst Short-Term Trade Ideas Valuable?
Short-term trade ideas are a component of analyst research highly valued by institutional investors. Using a novel and comprehensive database, we find that trade ideas have a stock price impact at least as large as recommendation and target price changes. Trade ideas based on expectations of future events are more informative than those identifying incomplete incorporation of past information i…
- Edisi
- Volume 77, Issue 3, June 2022, Pages 1829-1875
- ISBN/ISSN
- 1540-6261
- Deskripsi Fisik
- First published: 12 April 2022
- Judul Seri
- -
- No. Panggil
- -
Attention-Induced Trading and Returns : Evidence from Robinhood Users
We study the influence of financial innovation by fintech brokerages on individual investors’ trading and stock prices. Using data from Robinhood, we find that Robinhood investors engage in more attention-induced trading than other retail investors. For example, Robinhood outages disproportionately reduce trading in high-attention stocks. While this evidence is consistent with Robinhood attra…
- Edisi
- Volume 77, Issue 6, December 2022, Pages 3141-3190
- ISBN/ISSN
- 1540-6261
- Deskripsi Fisik
- First Published : 30 September 2022
- Judul Seri
- -
- No. Panggil
- -
New products, sales promotions, and firm value: the case of the automobile in…
In the automobile industry, managers must demonstrate to CEOs and CFOs the impact of new product introductions on their firm's financial performance and stock market value. Yet these efforts are often hampered by the subjectivity of performance assessments and by the use of different time frames for evaluating performance impacts. In this study, the authors apply econometric methods to overcome…
- Edisi
- -
- ISBN/ISSN
- -
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- IM1700517
Customer satisfaction and shareholder value
This article examines the association between customer satisfaction and shareholder value. The authors begin by developing a theoretical framework that specifies how customer satisfaction affects future customer behavior and, in turn, the level, timing, and risk of future cash flows. To test the hypotheses, the authors employ the American Customer Satisfaction Index (ACSI) database. They review…
- Edisi
- -
- ISBN/ISSN
- -
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- IM1700509
Managerial Incentives and Stock Price Manipulation
We present a rational expectations of optimal excecutive compensation in a setting where managers are in a position to manipulate short-term stock prices and the manipulation propensity is uncertain..Printed Journal
- Edisi
- -
- ISBN/ISSN
- 221082
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- JOF6902
The Effects of Stock Lending on Security Prices: An Experiment
We examine the impact of short selling by conducting a randomized stock lending experiment. Working with a large, anonymous money manager, we create an exogenous and sizeable shock to the supply of lendable shares by taking high-loan fee stocks in the manager?s portfolio and randomly making available and withholding stocks from the lending market. The experiment ran in two independent phases: t…
- Edisi
- -
- ISBN/ISSN
- -
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- -
The Informational relevance of corporate social responsibility: evidence from…
This study examines the relationship between corporate social responsibility and financial performance by analyzing the intra-industry wealth impact of additions and deletions to the Domini Social 400 index. Results from the event study analysis indicate that additions to the index generate a positive share price response for the announcement firm and a negative response by rival firms. The opp…
- Edisi
- -
- ISBN/ISSN
- 1432095
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- SMJ3303
The Development of capabilities in new firms
This research explores evidence of corporate capabilities for conducting acquisition and alliance deals in young firms. We hypothesize that investors conjecture about the future based on information about a firm's capabilities. Each successive deal carries intrinsic value, creates experience, generates feedback, and yields information about the firm's underlying capabilities. We evaluate whethe…
- Edisi
- -
- ISBN/ISSN
- 1432095
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- -
The Price is (almost) right
Most previous research tests market efficiency using average abnormal trading profits on dynamic trading strategies, and typically rejects the joint hypothesis of market efficiency and an asset pricing model. In contrast, we adopt the perspective of a buy-and-hold investor and examine stock price levels. For such an investor, the price level is more relevant than the short-horizon expected retu…
- Edisi
- -
- ISBN/ISSN
- 221082
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- -
The Manipulation of executive stock option exercise strategies: information t…
I identify three option exercise strategies executives engage in, including (i) exercising with cash and immediately selling the shares, (ii) exercising with cash and holding the shares, and (iii) delivering some shares to the company to cover the exercise costs and holding the remaining shares. Stock price patterns suggest executives manipulate option exercises. They use private information to…
- Edisi
- -
- ISBN/ISSN
- 221082
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- -
Catering through nominal share prices
We propose and test a catering theory of nominal stock prices. The theory predicts that when investors place higher valuations on low-price firms, managers respond by supplying shares at lower price levels, and vice versa. We confirm these predictions in time-series and firm-level data using several measures of time-varying catering incentives. More generally, the results provide unusually clea…
- Edisi
- -
- ISBN/ISSN
- 221082
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- -
Momentum, reversal, and uninformed traders in laboratory markets
We report the results of three experiments based on the model of Hong and Stein (1999). Consistent with the model, the results show that when informed traders do not observe prices, uninformed traders generate long-term price reversals by engaging in momentum trade. However, when informed traders also observe prices, uninformed traders generate reversals by engaging in contrarian trading. The r…
- Edisi
- -
- ISBN/ISSN
- 221082
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- -
Blockholder trading, market efficiency, and managerial myopia
This paper analyzes how blockholders can exert governance even if they cannot intervene in a firm's operations. Blockholders have strong incentives to monitor the firm's fundamental value because they can sell their stakes upon negative information. By trading on private information (following the "Wall Street Rule"), they cause prices to reflect fundamental value rather than current earnings. …
- Edisi
- -
- ISBN/ISSN
- 221082
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- -
Product market competition, insider trading, and stock market efficiency
How does competition in firms' product markets influence their behavior in equity markets? Do product market imperfections spread to equity markets? We examine these questions in a noisy rational expectations model in which firms operate under monopolistic competition while their shares trade in perfectly competitive markets. Firms use their monopoly power to pass on shocks to customers, thereb…
- Edisi
- -
- ISBN/ISSN
- 221082
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- -
Expanding the role of marketing: from customer equity to market capitalization
Can a marketer drive the stock price of the firm? Yes, it should be possible. Toward this endeavor, the authors develop a framework to link customer equity (CE) (as determined by the customer lifetime value metric) to market capitalization (MC) (as determined by the stock price of the firm). The authors test the framework in an empirical field experiment with two Fortune 1000 firms in the busin…
- Edisi
- -
- ISBN/ISSN
- 222429
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- -
Karya Umum 
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