Recent evidence suggests that women are under-sponsored and, therefore, don’t advance as rapidly as men in many organizations. Sponsorship entails advocating by creating visibility, supporting promotions, and ensuring protégés receive developmental opportunities needed to succeed. Although...

Retained ownership of steer calves is an investment decision for cow/calf producers. Data collected over a three-year period on 845 steer calves reveals that retaining ownership of steer calves is, on average, profitable. Systematic and unsystematic risks associated with retaining ownership of...

This article examines the pioneering Northwest Power Act of 1980, which revolutionized electric power planning in the Northwest and called for a fish and wildlife restoration program to compensate for losses sustained at the hands of Columbia Basin dams. The power plan gave priority to...

Governments frequently use financial incentives to encourage the creation, expansion, or relocation of businesses within their borders. Previous research on financial incentives have given little clarity as to what impact these incentives may have on the government. While incentives may draw in...

With a wealth of real-world examples of distributed problem-solving spanning business and other areas of endeavor, McKinsey & Company and the Oxford Internet Institute embarked on a six-month joint research program to study this phenomenon in detail. This project explored the parameters of...

We investigate whether firms use stock repurchases to meet or beat analysts' EPS forecasts. We identify conditions under which repurchases increase EPS and document the frequency of accretive repurchases from 1988 to 2001. We find a disproportionately large number accretive stock repurchases...

This paper investigates the role of earnings per share management in the decision to repurchase shares. We identify the conditions under which repurchases increase EPS and document the frequency of EPS increasing and EPS decreasing repurchases among U.S. firms from 1988 to 2001. We then compare...

This study investigates the influence of inferred valuation model use on the investment performance of sell-side equity analysts' published price target opinions. There is limited and inconclusive evidence on how analysts' price targets are determined and on their value for investment decisions....

A persistent (but overlooked) feature of the cross-sectional distribution of quarterly earnings announcement returns is that the measured earnings surprise and share price response to that surprise are often in the opposite direction. Extending Kinney, Burgstahler and Martin [2002], we provide...