17,736 research outputs found
Man cutting greenhide for a stock whip, 1967? [transparency] /
No full textCaption from slide mount.; Part of: The Reverend Andrew Leslie McKay collection of photographs relating to Inland Australia, 1950-1976.; Also available in an electronic version via the internet at: http://nla.gov.au/nla.pic-vn4181458; Collection donated by Mrs Lyn McKay, widow of Reverend Les McKay, through their daughter Dr. Judith McKay
Stock Ownership Patterns, Stock Market Fluctuations, and Consumption
No full textmacroeconomics, Stock Ownership Patterns, Stock Market Fluctuations, Consumption
Employees' Investment Decisions about Company Stock
No full textWe study the relationship between past returns on a company's stock and the level of investment in that stock by the participants in that company's 401(k) plan. Using data on 94,191 plan participants, we analyze several different decision points: the initial fraction of savings allocated to company stock, the changes in this fraction, and the reallocations of portfolio holdings across different asset classes. Like Benartzi (2001), we find that high past returns on company stock induce participants to allocate more of their contributions to company stock. We also find, however, that high returns on company stock have the opposite effect on reallocations of portfolio holdings, with high returns leading to shifts away from company stock and into other forms of equity. Overall, for company stock decisions, participants in our sample appear to be momentum investors when making contribution decisions and contrarian investors when making trading decisions.
South Australia float, 1st January 2001 [picture] /
No full textPart of the collection: Centenary of Federation celebrations, Sydney and Corowa, 2001.; Condition: Good. Designed by Andrew Stock, Vicki Petrusevics and Andy Petrusevics. Other carved figures on the float are Mary Mackillop, Charles Sturt and David Unaipon--Part of the photographer's caption
Library stock verification: a ritual and an occupational hazard
No full textExplains the sensitive, controversial stock verification as one of the occupational hazards and a postmortem, emphasises need for clarity of objectives and procedures regarding stock verification and responsibilities of loss, points out that the cost of stock verification often far exceeds the benefits, highlights norms and procedures of stock verification for Government of India institutions, discusses some advantages and various methods and procedures of physical verification, put forth precautionary measures to be taken against loss and mutilation of library documents, analyses the issue of responsibility of loss and ways of resolving the conflict of responsibility, presents the procedure for write-off of reasonable loss, finally concludes by stressing the need for rational and updated rules and procedures about stock verification, responsibility of loss and limits to write-off loss as well as vital role of professional bodies in this direction
Nass Valley Land on Nass River and Tributary Streams and Lakes, British Columbia: Field notes:
No full textDominion Stock and Bond Corporation
Andrew Carnegie, World Making and the Logic of Contemporary Entrepreneurial Philanthropy
No full textThis paper focuses on the relationship between the business and philanthropic endeavours of world-making entrepreneurs; asking why, how and to what ends these individuals seek to extend their reach in society beyond business. We present an original model of entrepreneurial philanthropy which demonstrates how investment in philanthropic projects can yield positive returns in cultural, social and symbolic capital, which in turn may lead to growth in economic capital. The interpretive power of the model is demonstrated through analysis of the career of Andrew Carnegie, whose story, far from reducing to one of earning a fortune then giving it away, is revealed as more complex and more unified. His philanthropy raised his stock within the field of power, extending his influence and helping convert surplus funds into social networks, high social standing and intellectual currency, enabling him to engage in world making on a grand scale
Why are stock market returns correlated with future economic activities?
No full textStock price, because it is a forward-looking variable, forecasts economic activities. An unexpected increase in stock price reflects that (i) future dividend growth is higher and/or (ii) future discount rates are lower than previously anticipated; therefore, the increase predicts higher output and investment. As well, other studies argue for an important relation between the expected stock market return and investment. In this paper, Hui Guo analyzes the relative importance of these mechanisms by using Campbell and Shiller’s (1988) method to decompose stock market return into three parts: expected return, a shock to the expected future return, and a shock to the expected future dividend growth. Contrary to the conventional wisdom, the author finds that dividend shocks are a rather weak predictor for future economic activities. Moreover, the expected return and shocks to the expected future return display different predictive patterns. The results shown here, collectively, explain why the forecasting power of stock market return is rather limited.Stock market
Stock returns and foreign investment in Brazil
No full textWe examine the relationship between stock returns and foreign investment in Brazil, and find that the inflows of foreign investment boosted the returns from 1995 to 2005. There was a strong contemporaneous correlation, although not Granger-causality. Foreign investment along with the exchange rate, the influence of the world stock markets, and country risk can explain 73 percent of the changes that occurred in the stock returns over the period. We also find that positive feedback trading played a role, and that the market promptly assimilated new information.stock returns; foreign investment; Brazilian economy
Why Do REITs Repurchase Stock? Extricating the Effect of Managerial Signaling in Open Market Share Repurchase Announcements
No full textThis paper explores the effect of stock repurchase announcements on equity returns for publicly traded real estate investment trusts (REITs). In addition to providing analysis of the corporate decision to repurchase shares, the study of share repurchases in the context of REITs provides a novel opportunity to disentangle the impact of competing theories for the abnormal returns observed around repurchase announcements. Prior literature advances six hypotheses to explain the stock price reaction associated with repurchases. Given that the theories all predict the same stock price reaction, existing studies are unable to disentangle the competing hypotheses. The intent of this research is to extricate the signaling hypothesis from the competing explanations to determine whether the managerial signaling hypothesis is a credible explanation for the abnormal returns observed around share repurchase announcements. After controlling for relevant economic variables, we provide evidence for the efficacy of the managerial signaling hypothesis.
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