The theory and practice of corporate finance: evidence from the field

Article Abstract:

This is a survey of 392 Chief Financial Officers about the current practice of corporate finance. Among the subjects of the research are cost of capital, capital budgeting, capital structure, cost of equity and discount rates.

Corporations, Statistical Data Included, Finance, Budget, Budgeting, Budgets, Surveys, Debt, Credit, Corporate finance, Financial management, Discount rates

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Payout policy in the 21st century

Article Abstract:

The issues affecting the dividend payout and share repurchase decisions in a business enterprise are determined based on the opinions of 384 financial executives.

Israel, Financial management, Management dynamics, Executive changes & profiles, Securities issued, listed, Dividends, Dividend Policy, Capital Management-Stock Repurchase, Venture Analysis, Analysis, Management, Officials and employees, Beliefs, opinions and attitudes, Securities, Business enterprises, Investor relations, Company business management, Company securities, Stock redemption, Company dividends, Financial managers

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Market timing ability and volatility implied in investment newsletters' asset allocation recommendations

Article Abstract:

A study was conducted to examine the market timing ability and volatility suggested in the asset allocation recommendations included in investment newsletters. The investigation looked at a sample of 237 investment newsletter strategies from 1980 to 1992. Results found no proof that letters systematically raise equity weights before market increases or cut weights before market declines. Findings indicated that there is a correlation between disagreement among newsletters and future realized and implied volatility.

Research, Portfolio management, Investment advisory newsletters, Investment newsletters

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