Firm and Managerial Incentives to Manipulate the Timing of Project Resolution PDF Download

Author: David Hirshleifer
Publisher:
ISBN:
Category : Executives
Languages : en
Pages : 28

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Author: David A. Hirshleifer
Publisher:
ISBN:
Category :
Languages : en
Pages : 40

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Book Description
A manager who wants to be viewed favorably has an incentive to advance or delay the arrival of information about his firm's profitability. In the model, a high ability manager tries to advance resolution of a likely-favorable outcome, while a low ability manager may defer resolution. Such manipulation of information arrival causes greater investment in execution projects (which tend to resolve early) than exploratory projects (which tend to resolve late), and affects investment in hastening or retarding project resolution. In contrast with previous literature, in some cases managers may secretly overinvest. The model offers empirical implications about innovative versus conventional investments, associated stock price reactions, and corporate control. The theory also implies a perverse sorting of high ability managers to conventional activities and low ability managers to visionary enterprises.

Author: Emilio Barucci
Publisher: Springer Science & Business Media
ISBN: 1447100891
Category : Business & Economics
Languages : en
Pages : 473

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A presentation of classical asset pricing theory, this textbook is the only one to address the economic foundations of financial markets theory from a mathematically rigorous standpoint and to offer a self-contained critical discussion based on empirical results. Tools for understanding the economic analysis are provided, and mathematical models are presented in discrete time/finite state space for simplicity. Examples and exercises included.

Author: H. Kent Baker
Publisher: John Wiley & Sons
ISBN: 0470499117
Category : Business & Economics
Languages : en
Pages : 773

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Book Description
A definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices, as well as investor behavior, corporate managerial behavior, and social influences. Uses a structured approach to put behavioral finance in perspective Relies on recent research findings to provide guidance through the maze of theories and concepts Discusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations Behavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.

Author: Erik Larson
Publisher: McGraw Hill
ISBN: 0077170067
Category : Business & Economics
Languages : en
Pages : 708

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Project Management: The Managerial Process 6e

Author: Brent William Ambrose
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 552

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Author: G. Andrew Karolyi
Publisher:
ISBN:
Category : American depository receipts
Languages : en
Pages : 352

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Author: Sinha
Publisher: Excel Books India
ISBN: 9788174466808
Category : Industrial management
Languages : en
Pages : 528

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Author: Joshua Ronen
Publisher: Springer Science & Business Media
ISBN: 0387257713
Category : Business & Economics
Languages : en
Pages : 587

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Book Description
This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?

Author: SUBHASH CHANDRA DAS
Publisher: PHI Learning Pvt. Ltd.
ISBN: 8120344502
Category : Business & Economics
Languages : en
Pages : 379

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Book Description
This comprehensive book gives a conceptual, analytical and evaluative study of the principles and practices of Project Management and Control systems in a student-friendly manner. The book provides an overview of project management, and gives a detailed analysis of project life cycle and its different phases, identification of project opportunities, and sources of project ideas. It describes in detail various considerations and priorities in setting up projects at macro and micro levels, project appraisal, and various types of organisation structures. Besides, the book also explains the different ways and means of financing projects, the sources of finance nationally and internationally, the need for estimation of project cost, and different aspects of post-project review. Finally, the book dwells on computer aided project management to demonstrate how the computer can help the management in handling all project activities efficiently. Primarily intended as a text for the postgraduate students of commerce and management, the book can also be authoritatively used by the researchers, project managers, consultants, and corporate policy and decision makers. KEY FEATURES : Describes various aspects of contract management in great detail with live examples. Explains the risks encountered by MNCs in an international project and the remedies available to handle these risks effectively. Contains a Glossary to explain the core concepts. Provides a large number of graphs, charts, tables, illustrative examples and appendices to help readers in analytical understanding of the subject.