...Michael Clemens Purpose The purpose of this research is to investigate the risk and return characteristics of dividend investing compared to a passive “market” approach and provide probable explanations for any differences in return and risk. Design/methodology/approach The research design...

... during month t (XR_{t) is computed as the simple average of the sum of the excess returns of each of the n securities as shown below in Equation (2): (Equation 2) American depository receipts International investing Portfolio diversification Investments}...

... divestitures and test whether changes in value are related to changes in investment efficiency. The paper uses the relative value added by allocation (RVA) as developed by Rajan et al. to measure the variation in allocational efficiency of the internal capital market. Findings The study reveals...

... the potential of a closer evaluation of the stocks chosen to be included in a particular portfolio by being able to identify those stocks most likely to perform (and under‐perform). The findings in the paper have obvious implications for the investment processes of investment managers but they also provide...

...Jing Chen Purpose The paper seeks to develop an analytical theory of project investment. Design/methodology/approach The authors derive a partial differential equation that the variable cost of a project should satisfy, determine a proper initial condition through a thought experiment...

...Sean Cleary Purpose To address the empirical aspect of corporate investment patterns by providing evidence in an international setting regarding the critical factors affecting firm investment policy, focusing on the relevance of financial factors. Design/methodology/approach Examines...

...Richard J. Kish; Wenlong Weng Purpose This article proposes an evaluation of capital investments that accounts for not only the initial assets, but also any potential growth options. Design/methodology/approach Using a piecewise linear approximation, a robust valuation technique...