Most finance textbooks talk about the benefits of conducting sensitivity and/or Monte Carlo simulation analyses in financial modeling, but mostly limit coverage to commenting on these techniques in passing. This is particularly true when it comes to simulation analysis, which typically requires...

Non-deal roadshows (NDRs) are private meetings between management and institutional investors, typically organized by analysts. We find that around NDRs, local institutional investors trade heavily and profitably, while retail trading is significantly less informative. Analysts who sponsor NDRs...