Finance - Research Publications
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ItemAnalysts' recommendations: from which signal does the market take its lead?(SPRINGER, 2009-08-01)
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ItemCredit Unions and Demutualisation(EMERALD GROUP PUBLISHING LTD, 2005-01-01)This paper reviews experience with credit union demutualisation to date in the light of increasing discussion about whether demutualisation is a likely (or inevitable) future stage in the evolutionary process. It is argued that the credit union industry faces an inherent demutualisation bias which emerges as the sector develops maturity. Contributing factors include the emergence of professional management pursuing personal objectives, together with the economic realities of technological change, financial liberalisation, increased competition, and prudential regulation based on minimum capital requirements. Demutualisation incentives may partially reflect the unsuitability of the mutual form of governance in larger, more sophisticated financial institutions, but there is also a significant risk of demutualisation based on wealth expropriation motives. Alternative policies and strategies which might avoid this demutualisation bias are examined.
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ItemThe market impact of trends and sequences in performance: New evidence(BLACKWELL PUBLISHING, 2005-10-01)
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ItemInvestor sentiment, executive compensation, and corporate investment(ELSEVIER SCIENCE BV, 2010-10-01)
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ItemEmployee well-being, firm leverage, and bankruptcy risk(ELSEVIER, 2010-05-01)
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ItemIndex composition changes and the cost of incumbency(ELSEVIER, 2010-10-01)
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ItemCapital management in mutual financial institutions(ELSEVIER, 2009-03-01)