Showing 1 - 10 of 32
In the UK, SSAP 13 requires that firms immediately expense most of their R&D expenditures. The reported earnings of high-R&D expenditure firms are therefore likely to convey less value-relevant information to investors than those of less research-intensive firms. Using a sample of firms from the...
Persistent link: https://www.econbiz.de/10005546417
Based on several research studies and in particular the theoretical study of Prakash et al. (1997), it is known that the variance as well as the skewness of the probability distribution of rates of return increases if the investors-investment interval increases. In the present study, using the...
Persistent link: https://www.econbiz.de/10005485172
Based on several research studies and in particular the theoretical study of Prakash et al. (1997), it is known that the variance as well as the skewness of the probability distribution of rates of return increases if the investors' investment interval increases. In the present study, using the...
Persistent link: https://www.econbiz.de/10005637790
Persistent link: https://www.econbiz.de/10008518810
Persistent link: https://www.econbiz.de/10005123375
Persistent link: https://www.econbiz.de/10005194852
As the socialist system in China embraces the market economy, it has created many conflicts of interests and collusion between firms and different layers of governments. The central government in China sets regulations to ensure the quality of firms listed in the capital market, while local...
Persistent link: https://www.econbiz.de/10005546168
Persistent link: https://www.econbiz.de/10005546257
Persistent link: https://www.econbiz.de/10005492332
In a capital budgeting decision, timing is often an important part of the decision-maker’s opportunity set. The ability of the manager to choose when to undertake an investment has similarities to the ability of the holder of a securities option to choose when to exercise that option. This...
Persistent link: https://www.econbiz.de/10005474534