Showing 1 - 10 of 51
This study examines the patterns of, and long-run returns to, directors’ (insiders’) trades along the value-glamour continuum in all stocks listed on the main London Stock Exchange and analyses what these directors’ trades add to a naïve value-glamour strategy. We consider alternative...
Persistent link: https://www.econbiz.de/10009428578
Examines the impact on investment returns of stated non‐financial criteria by utilizing information on UK “ethical” unit trusts. Over a limited period of observation there was weak evidence of some overperformance on a risk‐adjusted basis by “ethical” unit trusts. Suggests arguments...
Persistent link: https://www.econbiz.de/10014641485
This paper is concerned with the marketing of packaged retail financial products in the UK, viewed as part of a general regulatory mechanism applied to all investment business services. It considers the general principles which lie behind regulation as well as the particular provisions made in...
Persistent link: https://www.econbiz.de/10014865582
Persistent link: https://www.econbiz.de/10012885885
Explores the use which is made of strategic management accounting in the hotel sector through case studies at six major UK hotel groups. Uses the definition of strategic management accounting – “the provision and analysis of management accounting data relating to business strategy:...
Persistent link: https://www.econbiz.de/10014763312
Persistent link: https://www.econbiz.de/10005546328
We investigate the determinants of short term wealth effects for both public acquiring and target shareholders following the announcement of UK acquisitions over the period 1990–2005. Regardless of their nationality, overall acquirers incur losses, with domestic acquirers’ under-performing...
Persistent link: https://www.econbiz.de/10010738211
This paper argues the case that tests of how investors value corporate social performance (CSP) based upon realised stock market returns are liable to be weak tests if markets are efficient and firms change CSP policies infrequently. We provide a theoretical explanation of why this will be the...
Persistent link: https://www.econbiz.de/10010989966
This paper investigates the effect of corporate social responsibility (CSR) on firm value and seeks to identify the source of that value, by disaggregating the effects on forecasted profitability, long-term growth and the cost of capital. The study explores the possible risk (reducing) effects...
Persistent link: https://www.econbiz.de/10010938053
Persistent link: https://www.econbiz.de/10005194265