Zobrazeno 1 - 10
of 27
pro vyhledávání: '"Günter Strobl"'
Autor:
Simon Gervais, Günter Strobl
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a34cd814608a2ca2d6f36a9f62ec8217
https://doi.org/10.2139/ssrn.4325133
https://doi.org/10.2139/ssrn.4325133
Autor:
Daniel Dornand, Günter Strobl
Publikováno v:
Journal of Banking & Finance. 153:106858
The disposition effect is a longstanding puzzle in financial economics. This paper demonstrates that it is not intrinsically at odds with rational behavior. In a rational expectations model with asymmetrically informed investors, trading strategies a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::afa6f5f1033c542001a695efbb808a73
https://doi.org/10.1016/j.jbankfin.2023.106858
https://doi.org/10.1016/j.jbankfin.2023.106858
Autor:
Günter Strobl, Simon Gervais
Publikováno v:
The Review of Financial Studies. 33:3889-3924
We construct and analyze a model of delegated portfolio management in which money managers signal their investment skills via their choice of transparency for their fund. We show that a natural equilibrium is one in which high- and low-skill managers
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4711d981d80c6b2f9674050c866023b2
https://doi.org/10.1093/rfs/hhz116
https://doi.org/10.1093/rfs/hhz116
Autor:
Günter Strobl
Publikováno v:
Journal of Economic Dynamics and Control. 138:104326
The abstract is available here: https://uscholar.univie.ac.at/o:1628908
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::dec84e0ce43f543ac5a5dcf1fecb6b47
https://doi.org/10.1016/j.jedc.2022.104326
https://doi.org/10.1016/j.jedc.2022.104326
Autor:
Günter Strobl, Paul Povel
Publikováno v:
SSRN Electronic Journal.
We show that firms may benefit from allowing some earnings management, because it can make noisy signals more informative. We model a firm that cannot observe a manager's cost of effort, her effort choice, and whether she manipulated a publicly obser
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::20a4e2d5072ee9ff73f8fb77af270927
https://doi.org/10.2139/ssrn.3488734
https://doi.org/10.2139/ssrn.3488734
Autor:
Günter Strobl
Publikováno v:
Journal of Corporate Finance. 29:594-606
This paper investigates the relationship among a firm's managerial incentive scheme, the informativeness of its stock price, and its investment policy. It shows that the shareholders' concerns about the effectiveness of stock-based compensation can l
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::1933ff8bf60bc2ea2901ef42001c03ff
https://doi.org/10.1016/j.jcorpfin.2013.12.003
https://doi.org/10.1016/j.jcorpfin.2013.12.003
Publikováno v:
Review of Financial Studies. 27:484-518
This paper develops a dynamic rational expectations model of the credit rating process, incorporating three critical elements of this industry: (i) the rating agencies’ ability to misreport the issuer’s credit quality, (ii) their ability to issue
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::fa1447840f0f9f5c906e6620b41a6b23
https://doi.org/10.1093/rfs/hht072
https://doi.org/10.1093/rfs/hht072
Publikováno v:
Management Science. 59:918-932
In most employment relationships, the employee's performance at the firm is privately, not publicly, observed. Firms can reward successful employees by publicizing their abilities, for example, via a job title, a glowing letter of recommendation, or
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f231d951af351a8b0b8f6cc8c49049c1
https://doi.org/10.1287/mnsc.1120.1620
https://doi.org/10.1287/mnsc.1120.1620
Autor:
Günter Strobl
Publikováno v:
Journal of Accounting Research. 51:449-473
The widespread use of accounting information by investors and financial analysts to help value stocks creates an incentive for managers to manipulate earnings in an attempt to influence short-term stock price performance. This paper examines the role
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0742048c3e6aacc37fd0e645550d14fd
https://doi.org/10.1111/1475-679x.12008
https://doi.org/10.1111/1475-679x.12008
Autor:
Eitan Goldman, Günter Strobl
Publikováno v:
Journal of Financial Intermediation. 22:106-122
This paper investigates how the presence of a large institutional shareholder affects the complexity of corporate investments. Our analysis is based on the observation that the blockholder’s planning horizon does not necessarily coincide with the t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7c7e9a1e4ece4dab624f2b7e988c86a9
https://doi.org/10.1016/j.jfi.2011.04.001
https://doi.org/10.1016/j.jfi.2011.04.001