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Better Performance of Mutual Funds with Lower R2's Does Not Suggest that Active Management Pays
(now publishers, 2023-08-08)
We found a negative relation between mutual funds’ past R2 and their abnormal performance, as did Amihud and Goyenko (2013), who proposed measuring active management of mutual funds by 1−R2. The interpretation of this ...
Las nuevas normas contables de arrendamientos: causas y potenciales efectos económicos
(Centro de Estudios Financieros, 2017-01)
Lease accounting has been controversiAL for decades. The alternative accounting treatments are in between two extreme positions: recognizing assets and liabilities in the balance sheet, or disclosing the information in the ...
A survey on financial applications of metaheuristics
(ACM (Association for Computing Machinery), 2017)
Modern heuristics or metaheuristics are optimization algorithms that have been increasingly used during the last decades to support complex decision-making in a number of fields, such as logistics and transportation, ...
Targets’ earnings management and ownership decisions in M&A: Can less be more ?
(Elsevier, 2024)
In a sample of 1,097 European merger and acquisitions (M&A) deals, we find that the targets
exhibiting higher levels of accruals earnings management (AEM) relate to lower ownership stakes
offered by acquirers. Real ...
Aspectos relevantes para el diseño de planes de salud sostenibles orientados a los grupos de interés. Una propuesta basada en la Guía ISO 26000: 2010
(Ministerio de Sanidad y Consumo, 2017)
Fundamentos
: Los planes de salud de las comunidades autónomas pue-
den incorporar criterios de desarrollo sostenible en su elaboración. No se
han realizado análisis al respecto o propuestas de elaboración ...
Is Ethical Money Sensitive to Past Returns? The Case of Portfolio Constraints and Persistence in Islamic Funds
(Springer Verlag, 2017-06)
In this paper, we analyze the performance persistence and survivorship bias of Islamic funds. The remarkable growth of these types of ethical funds raises the question of how non-financial attributes, including beliefs and ...
Female directors on boards. The impact of faultlines on CSR reporting
(Emerald, 2020)
Purpose: This paper analyzes the role of female directors on CSR disclosure. It assumes the
existence of faultlines when studying gender diversity and classifies female directors into three
categories: industry experts, ...
Rating the Raters: Evaluating how ESG Rating Agencies Integrate Sustainability Principles
(MDPI, 2019)
Environmental, social, and governance (ESG) rating agencies, acting as relevant financial market actors, should take a stand on working towards achieving a more sustainable development. In this context, the objective of ...
Política presupuestaria y elecciones
(Órganos Autonómicos de Control Externo, 2013-07)
El carácter cíclico de las elecciones ha originado el estudio del efecto que esta periodicidad puede ejercer sobre la política fiscal de los gobiernos, surgiendo
así el análisis del Ciclo Político Presupuestario (CPP). ...
Female Institutional Directors on Boards and Firm Value
(Springer, 2016-07-18)
The aim of this research is to examine what impact female institutional directors on boards have on corporate performance. Previous research shows that institutional female directors cannot be considered as a homogeneous ...