Market reaction to Business Week 'Inside Wall Street' column: a self-fulfilling prophecy

Article Abstract:

Publicly-traded stocks and opinions mentioned in the 'Inside Wall Street' column of weekly magazine Business Week were collected from Jan. 1976 though Dec. 1988. The stories quote an analyst as the primary source in over 56% of the cases. Results indicate that stocks followed by less than 21 analysts, which have a favorable report, gain marked, positive abnormal returns at the time of the distribution of the magazine. Results are strongest for stocks followed by five or fewer analysts.

Publishing industry, Stocks, Securities, Media coverage, Business Week (Periodical)

---

The impact of negative cash flow and influential observations on investment-cash flow sensitivity estimates

Article Abstract:

A debate about the relation between firm financing constraints and investment-cash flow sensitivity is presented. According to Kaplan, Zingales and Cleary the level of internal wealth as proxied by cash flow is a major determinant of investment, and has a major influence on the investment-cash flow relationship.

United States, Analysis

---

Investment opportunities, free cash flow and market reaction to international joint ventures

Article Abstract:

A study of international joint ventures entered into by companies from Singapore is presented, with focus on the impact of investment opportunities and available cash flow on the response of the market when the ventures are publicized.

Joint-Venture Management, Research, Management, Singapore, Joint ventures, Observations

Similar abstracts:

• Abstracts: Market orientation, service quality and business profitability: a conceptual model and empirical evidence
• Abstracts: Great expectations. EMU: A UK financial reporting problem - or not?
• Abstracts: In business members' best interests. Ever closer to members... Focusing on members
• Abstracts: Consumer perceptions of non-food assortments: an empirical study. Acculturation and inter-ethnic consumer perceptions: Can you feel what we feel?
• Abstracts: A model for estimating industry compliance costs of food labeling regulations. Assessing consumer response to protected geographical identification labeling

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.