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Author: Marvin Pfister Publisher: ISBN: Category : Languages : en Pages :
Book Description
This thesis analyses the effect of language differences to English on financial analysts' earnings forecast accuracy in the context of conference calls in Continental Western Europe. By adopting different perspectives, the influence of analysts', senior executives', and firms' language distance relative to English is examined applying various statistical methods. Empirical results support the hypotheses that the greater the language distance to English, the lower the accuracy of financial analysts' forecasts. Additional statistical examinations consider the impact on accuracy of operational complexity in terms of firms' business segment diversification as well as geographical dispersion. Moreover, interaction effects are detected by treating operational complexity as moderators. The study's findings not only advance research on accounting, finance, and intercultural communication literature but also provide new insights into the interaction of analysts and managers and thus contribute to investor relations research.
Author: Marvin Pfister Publisher: ISBN: Category : Languages : en Pages :
Book Description
This thesis analyses the effect of language differences to English on financial analysts' earnings forecast accuracy in the context of conference calls in Continental Western Europe. By adopting different perspectives, the influence of analysts', senior executives', and firms' language distance relative to English is examined applying various statistical methods. Empirical results support the hypotheses that the greater the language distance to English, the lower the accuracy of financial analysts' forecasts. Additional statistical examinations consider the impact on accuracy of operational complexity in terms of firms' business segment diversification as well as geographical dispersion. Moreover, interaction effects are detected by treating operational complexity as moderators. The study's findings not only advance research on accounting, finance, and intercultural communication literature but also provide new insights into the interaction of analysts and managers and thus contribute to investor relations research.
Author: Kathryn Kadous Publisher: ISBN: Category : Languages : en Pages : 41
Book Description
This paper reports the results of an experiment that examines how analyst forecast accuracy (i.e., how close an analyst's forecast is to realized earnings) and forecast boldness (i.e. how far the analyst's forecast is from the consensus forecast) affect the analyst's perceived credibility and investors' willingness to rely on and purchase the analyst's future reports. We hypothesize and find that forecast boldness magnifies the effect of forecast accuracy on these variables. That is, analysts who provide accurate, bold forecasts experience more positive consequences than those who provide accurate, non-bold forecasts, and analysts who provide inaccurate, bold forecasts experience more negative consequences than those who provide inaccurate, non-bold forecasts. We also find that these effects are not symmetric - the negative consequences of being bold and inaccurate exceed positive consequences of being bold and accurate. Our results are not sensitive to the level of the analyst's prior reputation.
Author: Financial Crisis Inquiry Commission Publisher: Cosimo, Inc. ISBN: 1616405414 Category : Political Science Languages : en Pages : 692
Book Description
The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Author: Publisher: ISBN: Category : Languages : en Pages : 116
Book Description
The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.
Author: Pierre Vernimmen Publisher: John Wiley & Sons ISBN: 1118849299 Category : Business & Economics Languages : en Pages : 994
Book Description
Merging theory and practice into a comprehensive, highly-anticipated text Corporate Finance continues its legacy as one of the most popular financial textbooks, with well-established content from a diverse and highly respected author team. Unique in its features, this valuable text blends theory and practice with a direct, succinct style and commonsense presentation. Readers will be introduced to concepts in a situational framework, followed by a detailed discussion of techniques and tools. This latest edition includes new information on venture finance and debt structuring, and has been updated throughout with the most recent statistical tables. The companion website provides statistics, graphs, charts, articles, computer models, and classroom tools, and the free monthly newsletter keeps readers up to date on the latest happenings in the field. The authors have generously made themselves available for questions, promising an answer in seventy-two hours. Emphasizing how key concepts relate to real-world situations is what makes Corporate Finance a valuable reference with real relevance to the professional and student alike. Readers will gain insight into the methods and tools that shape the industry, allowing them to: Analyze investments with regard to hurdle rates, cash flows, side costs, and more Delve into the financing process and learn the tools and techniques of valuation Understand cash dividends and buybacks, spinoffs, and divestitures Explore the link between valuation and corporate finance As the global economy begins to recover, access to the most current information and statistics will be required. To remain relevant in the evolving financial environment, practitioners will need a deep understanding of the mechanisms at work. Corporate Finance provides the expert guidance and detailed explanations for those requiring a strong foundational knowledge, as well as more advanced corporate finance professionals.
Author: Publisher: ISBN: Category : Languages : en Pages : 104
Book Description
The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.
Author: Marc Levinson Publisher: The Economist ISBN: 1541742516 Category : Business & Economics Languages : en Pages : 250
Book Description
The revised and updated 7th edition of this highly regarded book brings the reader right up to speed with the latest financial market developments, and provides a clear and incisive guide to a complex world that even those who work in it often find hard to understand. In chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the book examines why these markets exist, how they work, and who trades in them, and gives a run-down of the factors that affect prices and rates. Business history is littered with disasters that occurred because people involved their firms with financial instruments they didn't properly understand. If they had had this book they might have avoided their mistakes. For anyone wishing to understand financial markets, there is no better guide.
Author: John Maynard Keynes Publisher: Simon Publications LLC ISBN: 9781931541138 Category : Business & Economics Languages : en Pages : 312
Book Description
John Maynard Keynes, then a rising young economist, participated in the Paris Peace Conference in 1919 as chief representative of the British Treasury and advisor to Prime Minister David Lloyd George. He resigned after desperately trying and failing to reduce the huge demands for reparations being made on Germany. The Economic Consequences of the Peace is Keynes' brilliant and prophetic analysis of the effects that the peace treaty would have both on Germany and, even more fatefully, the world.
Author: Marvin Pfister
Author: Marvin Pfister
Author: Kathryn Kadous
Author: Financial Crisis Inquiry Commission
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Author: 
Author: Vitor Gaspar
Author: Pierre Vernimmen
Author: 
Author: Marc Levinson
Author: John Maynard Keynes