Active fund managers and earnings management at portfolio companies
نویسندگان
چکیده
منابع مشابه
Does active portfolio management create value? An evaluation of fund managers' decisions
In this paper, I obtain new measures of the value of active portfolio management by forming replicating portfolios. These measures allow for a separate evaluation of fund managers' strategic and tactical decisions. I also obtain new evidence on the value of trading by decomposing it into long-term trading decisions, short-term trading decisions, and trading that is the result of regulatory rest...
متن کاملThe Dimensions of It Portfolio Management (itpm): an Analysis Involving It Managers in Brazilian Companies
The aim of this study is to explore and validate the dimensions of IT Portfolio Management (ITPM) in Brazilian companies, based on three different models. Five case studies were carried out in Brazilian companies that invest more than nine million reals per year in IT. Eight top IT executives from those organizations who had knowledge of the dimensions of ITPM were interviewed. Items were modif...
متن کاملDo Small Software Companies Need Portfolio Management?
Portfolio management of new product development has been studied in the context of large companies, but its relevance for small software companies has not been discussed. We conducted a multiple case study of four small software companies. The companies did not practice portfolio management, and seemed to suffer from problems that in the literature are considered symptomatic of inadequate portf...
متن کاملMutual Fund Management: Does Active Management Pay?
Recent studies have documented a positive relation between active management and mutual fund performance. We show that this relation holds only for fund managers who trade in an optimal way. The optimality measure that we develop, “investment alpha”, captures whether a mutual fund is trading towards mean-variance optimality, which, we argue, is the first best choice for mutual fund managers. Th...
متن کاملEarnings Management and Dividend Policy An Empirical comparison between Pakistani Listed Companies and Chinese listed Companies
The study is an effort to fiind out the impact of earnings management on dividend payout policy for two coutries that is Pakistan and China. A set of listed Companies in both of the countries have been investigated to analyze the relationship for the year 2003 to 2007 in Pakistan and 2001 to 2007 in China. Dividend policy has been measured by dividend payout. Whereas earnings management has bee...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Review of Accounting and Finance
سال: 2019
ISSN: 1475-7702,1475-7702
DOI: 10.1108/raf-11-2017-0209