We show that, after the revelation of financial fraud in a major pension fund manager, two-thirds affected investors fail to divest. Inert are on average younger, lower SES and more influenced by default options. The majority those who divest move their money only state-run option menu. also induces small movement from non-fraudulent private investment funds state alternative. further that most...

Recent studies find evidence that the rates of return to holding common stocks and bonds are, to some extent, predictable over time. While measurement errors can induce spurious predictability, there seems to be an emerging consensus that predictable variation is an important stylized fact about asset returns. There are two competing views of this predictability. Some interpret This article stu...

OBJECTIVES This study analyzes the influence of the financial structure of pharmaceutical companies on R&D investment to create a next-generation profit source or develop relatively cost-effective drugs to maximize enterprise value. METHODS The period of the empirical analysis is from 2000 to 2012. Financial statements and comments in general and internal transactions were extracted from TS-2...

paying attention to finance and financial marketing tools could significantly contribute to resolution of financial problems of the firms and avoid their bankruptcy. following the review of previous works in the field of marketing and its application in financing, as well as conducting semi-structured interviews, firstly marketing elements for financing were identified and then marketing strate...

financial and economic analysis of investment constitute an essential part of the decision making process. in this paper the feasibility of executing wastewater projects has been assessed using techniques of engineering economics including economic and financial analyses. primarily, the economic and financial assessments of a specific project in kalateh-khij city, with a population of five thou...

A stock exchange is an entity which provides ‘‘trading’’ facilities for stock brokers and traders to trade stocks and other securities. How to invest in stock exchange is one of the important issues in investment, and one of the factors that can help investors in the process of investment is the efficiency of the corporation under consideration. Data envelopment analysis is a mathematical method...

Production and financial investment planning is the arrangements for the quantity of products and the investment in financial products of a firm. This paper develops a new two-stage fuzzy optimization method for production and financial investment planning problem, in which the exchange rate is uncertain and characterized by possibility distribution. The objective of the problem is to maximize ...