Using comprehensive company-level ownership data from Japan, the authors found that the equity size premium correlates strongly with the investment flows of international institutional investors. When investment flows intensified and shifted into larger stocks in the mid-1990s, the equity size premium was reversed. Their findings suggest that a large fraction of the time variation in the size p...

~ S ocially responsible investing (SRI) is moving into the mainstream of institutional investment management, but not uniformly and not without doubt. A 2004 Mercer survey reveals that 89% of investment managers in Asia and 69% of investment managers in Europe believe that SRI would be in the investment mainstream in the coming ten years, but only 36% of investment managers in the U.S. share th...

Simulation modeling and analysis requires an investment in human resources and software. And the rewards from using simulation are significant. Many companies fine tune their operations and reduce waste using simulation. But in the end, every time modeling and analysis are performed, a decision has to be made whether the simulation is “worth doing” (Waite 1999). In this paper we will enumerate ...

If you had invested in an index mutual fund pegged to the Standard & Poors 500 at the beginning of 1990, you’d have done very well. But if you had invested in a fund consisting of companies that excel at customer management, your investment would have outperformed the Standard & Poors 500 by 300 percent! The lesson is clear: companies that actively manage and nurture their customer relationship...

Many financial products contain prepayment options. Loan contracts are often structured to provide the borrower with the option to prepay the loan at any time, or on specific dates, prior to the maturity date of the loan. These options are important aspects of these financial products. The most commonly encountered investment product with these feature is the mortgage backed security. Investmen...

Growth in the use of simulation technology has been less than expected. Today there are still many applications that could benefit from simulation, but that do not use it. As companies decide whether to use simulation, they need to consider the investment and all possible benefits. In this panel, four simulation professionals from academia and industry answer two questions about Return on Inves...

Description Liberalised electricity markets represent a delicate equilibrium between regulatory targets to keep prices at acceptable levels and keeping prices high enough to ensure adequate return on investment for generation companies. From the viewpoint of the generation company, these capacity investment decisions are highly complex. Electricity prices are volatile which, instead of a guaran...

Our objective in this paper is to develop a decision-making model to assist decision-makers and researchers in understanding the effect of multiple criteria decision-making on a capital budgeting investment. This decision-making model helps decision-makers with reducing decision-making time and choosing a suitable decision alternative for a capital budgeting investment within the companies’ goa...

information asymmetry and conflicts of interest between management and shareholders lead to the phenomenon of moral hazard. moral hazard means that the managers may make some decisions (e.g. investment decisions) that do not meet the interests of shareholders. inefficient investment decisions include over or under-investment in firms’ labor and utilize the non-optimal number of human resources ...

ranking of companies listed on the exchange represent their status and considered a criterion for investment. also, it increases market's competition, development and efficiency. in this study, the fifty superior companies listed in tehran stock exchange were ranked based on financial ratios (liquidity, operational, leverage and profitability) using fahp- ftopsis hybrid approach during the...