Several authors have reported an unconditional size effect in returns around earnings announcements. In this study we show how this finding can be understood as resulting from ambiguity aversion. We hypothesize that analyst forecasts for smaller companies are relatively more ambiguous; hence they are priced pessimistically by ambiguity-averse investors. As the quarter comes to a close and ambig...

innovation and sustainable development have been considered fundamental elements in the competitive positioning of companies. the synergies between both concepts, known as eco-innovation, must be considered when designing company policies. the aim of this paper is to analyse which moderating factors determine how innovative companies perform when implementing a sustainable proactive approach. w...

innovation and sustainable development have been considered fundamental elements in the competitive positioning of companies. the synergies between both concepts, known as eco-innovation, must be considered when designing company policies. the aim of this paper is to analyse which moderating factors determine how innovative companies perform when implementing a sustainable proactive approach...

The purpose of this study was to analyze the effect capital structure and firm size on value with profitability as a moderating variable. This is quantitative using secondary data sample 9 pharmaceutical sub-sector companies listed Indonesia Stock Exchange (IDX). collection method done by accessing company's financial statements published Exchange. obtained then processed tools e-views. analysi...