Pension benefits effects on capital market equilibrium, firm value, and financing decisions

Article Abstract:

The effects of pension benefits on capital market equilibrium, firm value andfinancial decisions are analyzed using a static utility-maximization model. Results indicate that pension benefits significantly influence the movement of stock prices even as firm value is affected by the changes in pension benefits through their impacts on the capital market. An extension of the model suggeststhat an optimal control approach can be used to assess the effects of pension benefits on optimal investment and financing decisions. Other areas for empirical research are also outlined, with particular reference to social security benefits.

Pension, health, and welfare funds, Analysis, Capital market, Capital markets, Pensions, Business enterprises, Valuation

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Children's influence in purchase decisions: A social power theory approach

Article Abstract:

A conceptual model of children's influence is developed based on the social power theory and the model is tested to understand the children's influence in family's decision-making. The conceptual model hypothesizes that the children's active social power, children's passive social power, preference intensity and decision history helps in explaining the variations observed in children's influence.

Decision-making, Models, Decision making, Influence, Consumer preferences, Children as consumers, Child consumers

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The pattern of intraday portfolio management decisions: a case study of intraday security return patterns

Article Abstract:

Research is presented concerning the use of trading data, which has been time-stamped by an institutional investor, to investigate the influences on investors which result in high trading volume and hourly returns during late and early trading hours.

Stocks & Other Equity Securities, Personal Investing, Personal finance, Stocks, Portfolio management, Economic policy, Investments, Investors

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