排序方式: 共有19条查询结果,搜索用时 15 毫秒
1.
2.
We document that the likelihood of analyst recommendations following past stock returns decreased abruptly in 2003, coinciding with the Global Settlement and other regulatory changes designed to restrain analysts’ conflicts of interest. We also document that the likelihood of recommendations following past stock returns is abnormally high for recommendations issued after negative stock returns (but not for those issued after positive stock returns), among inexperienced and inaccurate analysts, among large brokerage houses, and for companies with high share turnover. Moreover, the recommendations that are more likely to follow past stock returns are accompanied by earnings forecast revisions that are larger in magnitude and less accurate ex post. Overall, our findings suggest that analysts with conflicts of interest and limited ability are more likely to base their recommendations on past stock returns. Finally, we document that the recommendations that are more likely to follow past stock returns (especially those that were issued before 2003 and those that are issued after negative stock returns) contribute to existing price momentum by generating incrementally stronger short‐term and long‐term stock returns. 相似文献
3.
We investigate the effect of inflation uncertainty on inflation from January 1982 through March 2016 for Turkey by using the Stochastic Volatility in Mean model with time-varying parameters. Our empirical evidence from consumer price index (CPI) inflation suggests that the observed positive relationship between inflation and inflation uncertainty is not robust. This positive relationship diminishes after 2002. This finding is valid for all five subcomponents of CPI inflation; however, for Health Services, Transportation Services, and Recreational and Cultural Services, an inflation-positive association is reported after 2010. 相似文献
4.
5.
Bulent Menguc Seigyoung Auh Volkan Yeniaras Constantine S. Katsikeas 《Journal of the Academy of Marketing Science》2017,45(3):428-451
This research attempts to challenge the resource–engagement and engagement–performance linkage of the job demands–resources model by testing these links under the moderating role of two climates: performance-focused and service failure recovery. Two studies test a model on the boundary conditions of the linkages across four service industries. The results suggest that whether a resource (i.e., self-efficacy and job autonomy) positively or negatively affects engagement depends on whether (1) a climate is appraised as a challenge or hindrance demand and (2) a climate is deemed a complementary or compensatory resource. Using multi-respondent data from customer service employees and their supervisors in the health care industry, Study 1 conceptualizes climate as organizational climate and finds that performance-focused climate strengthens (weakens) the positive effect of self-efficacy (job autonomy) on engagement while service failure recovery climate weakens the positive impact of self-efficacy on engagement. Study 2 generalizes the findings from Study 1 and provides broad support by testing the model using psychological climate in the financial services, tourism and hospitality, and retailing industries. This study closes with a configuration approach to climate research by discussing when multiple climates can co-exist under different types of resources. 相似文献
6.
Exploring the concept of mobbing, we have conducted a study of small and middle sized enterprises (commonly referred to as SMSE). In this study we observed corporate policies of repression and intimidation while taking into consideration the aim of these policies and their possible consequences. The ultimate purpose of this work is to shed light onto forthcoming academic studies of the same topic. Our focus has been the effects of the various presses, forms of harassment and market entry prevention carried out by companies that dominate the market against those companies entering the market and those already competing in the market. To determine these effects on 150 companies that conduct business in Turkey, we created a survey consisting of 15 categories. The results have been depicted with charts and graphs. The conclusion of the investigation has found that many of the attitudes which comprise of mobbing acts can be seen in the mutual behavior of the companies that work in the Turkish labor market. Although there are a number of reasons for the prevalence of the mobbing culture in Turkish business, it’s our belief that the Turkish labor market codes of conduct and regulations influence the perpetuation of ruthless behaviors between different companies. 相似文献
7.
This article assesses the effect of output growth volatility on output growth within a stochastic-volatility-in-mean model with a time-varying framework for an open small economy: Turkey. Until now, the empirical evidence on industrial production mainly reveals that this relationship is negative. However, in further examining different sectors and sub-sectors of industrial production, we find the sign of the relationship changes depending on the sector. Moreover, there is limited evidence that the sign of the relationship changes over time. Thus, the evidence reveals that the nature of the output growth volatility–output growth relationship is not uniform across sectors. 相似文献
8.
Crawford Steve Markarian Garen Muslu Volkan Price Richard 《Review of Accounting Studies》2021,26(1):218-257
Review of Accounting Studies - Research has failed to document a consistent association between oil prices and stock prices. We propose and examine whether that failure is due to the need to link... 相似文献
9.
Redefining Confidence for Consumer Behavior Research 总被引:1,自引:0,他引:1
Although quintessential to market exchange and trade, consumer confidence evokes little interest from marketing scholars, and largely persists as an untapped dimension in consumer behavior research. Nevertheless, the dearth of confidence research provides a most useful foundation for investigating how it is both relevant and informative to the study of consumer decision making and behavior. Following a comprehensive review of the theoretical foundations of confidence, an integrated conceptualization is mapped out, and examples of consumer behavior research areas deemed to benefit from a more honed study of confidence are highlighted. 相似文献
10.
We examine the association between changes in companies’ textual risk disclosures in 10-K filings and changes in stock market and analyst activity around the filings. We find that annual increases in risk disclosures are associated with increased stock return volatility and trading volume around and after the filings. Increases in risk disclosures are also associated with more dispersed forecast revisions around the filings. In contrast to prior literature documenting resolved uncertainties in response to various types of company disclosures, our findings suggest that textual risk disclosures increase investors’ risk perceptions. However, the results are less pronounced for firm-level disclosures that deviate from those of other companies in the same industry and year. These results lend support for critics’ arguments that firm-level risk disclosures are more likely to be boilerplate. 相似文献