Company strategy expresses a basic idea of how to reach company objectives. A whole range of models of strategic management are used in practice. The concept of strategic management should fulfill some basic requirements to make it applicable for both the typical, but also more specific company environment. The financial strategy plays an important role in corporate strategy. The paper develops...

Privacy news influences end-user attitudes and behaviors as well as product and policy development, and so is an important data source for understanding privacy perceptions. We provide a largescale text mining of privacy news, focusing on patterns in sentiment and keywords. This is a challenging task given the lack of a privacy news repository and a ground truth for sentiment. Using high-precis...

We find substantial herding in U.S. corporate bonds among bond fund managers, much higher than that previously documented for the equity market. Herding is generally stronger among illiquid bonds, and buy herding and sell herding are driven by different factors. In particular, sell herding increases on negative news about bond ratings and corporate earnings. Interestingly, increases in ex-post ...

Free AccessImportant Keywordshttps://doi.org/10.14220/9783737013444.259SectionsPDF/EPUB ToolsAdd to favoritesDownload CitationsTrack Citations ShareShare onFacebookTwitterLinkedInRedditEmail About Previous chapter Next FiguresReferencesRelatedDetails Download book coverOsnabrücker Studien zur Jüdischen und Christlichen Bibel.Volume 8 1st editionISBN: 978-3-8471-1344-7 eISBN: 978-3-7370-1344-4Hi...

Automatic indexing to video data is in strong demand to cope with the increasing amount. We propose an automatic indexing method for television news video, which indexes to shots considering the correspondence of image contents and semantic attributes of keywords. This is realized by rst, (1) classifying shots by graphical feature, and (2) analyzing semantic attributes of accompanying captions....

This paper studies corporate tax competition if it is costly to learn some of the elements that determine the e¤ective tax burden. Search cost may, but need not, eliminate the tax competition pressure. The outcome depends on the boundaries of tax rate and tax base choices. Search cost can explain the empirically observed tax cuts cum base broadening. Keywords: Costly search, tax competition, co...

Corporate governance is a complex issue, the focal point of which is the exercise of power. The power has limits, however, imposed by both legislation and contracts. Also, even if the overarching power belongs to the shareholders, residual power cannot be exercised to the detriment of the rights of the other stakeholders. Because the governance system and resulting structures have a major influ...

The relative predictability of returns and dividends is a central issue because it forms the paradigm to interpret asset price variation. A little studied question is how dividend smoothing, as a choice of corporate policy, affects predictability. We show that even if dividends are supposed to be predictable without smoothing, dividend smoothing can bury this predictability. Because aggregate d...

In this paper, we examine institutional trading surrounding corporate news by combining a comprehensive database of news releases for all US firms during 2000 to 2010 with a high-frequency database of institutional trades. We find that institutions trade on the news tone only on the news release day. This news-trading pattern is more pronounced for news related to firm fundamentals, and with a ...