Managerial Finance: Volume 35 Issue 4

The impact of name changes on company value

Bryan Mase

The purpose of this paper is to examine the effect of name changes on the value of UK companies. Previous research in the USA suggests that there is little effect associated with…

Accounting conservatism and the cost of equity capital: UK evidence

Ann L.‐C. Chan, Stephen W.J. Lin, Norman Strong

The purpose of this paper is to investigate the economic consequences of different dimensions of accounting conservatism: ex ante (balance sheet or unconditional) conservatism and…

Golden parachutes, managerial incentives and shareholders' wealth

Jorge Brusa, Wayne L. Lee, Carole Shook

The purpose of this paper is to examine the effects of golden parachutes on shareholders' wealth when the measure is used as a compensation device instead of a takeover defense…

Reinganum's trading strategies revisited: Structuring profitable strategies based on updated filters

Susana Yu

The purpose of this paper is to reexamine the value, momentum and size factors employed in the trading strategy originally proposed by Reinganum. Also to enhance our understanding…

Identifying the non‐normality premium of an investment

Matthew Hood, John R. Nofsinger, Kenneth Small

The purpose of this paper is to introduce a non‐normality premium (NNP) to identify the extra return that will compensate an investor for a non‐normal return distribution. The NNP…