Institution
London Business School
Education•London, England, United Kingdom•
About: London Business School is a education organization based out in London, England, United Kingdom. It is known for research contribution in the topics: Portfolio & Equity (finance). The organization has 1138 authors who have published 5118 publications receiving 437980 citations. The organization is also known as: LBS.
Topics: Portfolio, Equity (finance), Debt, Market liquidity, Earnings
Papers published on a yearly basis
Papers
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TL;DR: This paper examined whether securitization impacts renegotiation decisions of loan servicers, focusing on their decision to foreclose a delinquent loan and found a significantly lower foreclosure rate associated with bank-held loans when compared to similar securitized loans.
264 citations
TL;DR: In this paper, the authors examined whether the "walk down" to beatable targets is associated with managers' incentives to sell stock after earnings announcements on the firm's behalf or from their personal accounts.
Abstract: Security regulators and the business press have alleged that firms play an 'earnings-guidance game' where analysts make optimistic forecasts at the start of the year and then 'walk down' their estimates to a level the firm can beat by the end of the year. In a comprehensive sample of I/B/E/S individual analysts' forecasts of annual earnings from 1983-1998, we find strong support for the claim in the post-1992 period. We examine whether the 'walk down' to beatable targets is associated with managers' incentives to sell stock after earnings announcements on the firm's behalf (via new equity issuance) or from their personal accounts (insider trades). Consistent with these hypotheses, we find that the 'walk down' to beatable targets is most pronounced in firms that are either net issuers of equity or in firms where managers are net sellers of stock after an earnings announcement. These findings provide new insights on how capital market incentives affect communications between managers and analysts.
263 citations
TL;DR: In this article, the authors used an instrumental variable approach and panel data techniques and employing data from the British Household Panel Study from 1991 to 2002, they showed that not accommodating for endogeneity in the labour market participation equation may significantly overestimate the impact care exhibits on the employment decision of informal carers.
263 citations
TL;DR: In this article, the authors examine the "confirmation" hypothesis that audited financial reporting and disclosure of managers' private information are complements, because independent verification of outcomes disciplines and hence enhances disclosure credibility.
263 citations
TL;DR: In this article, the authors investigate whether tax planning firms have a less transparent information environment and find that although tax planning provides expected tax savings, it can simultaneously increase the cost of information disclosure.
Abstract: We investigate whether aggressive tax planning firms have a less transparent information environment. Although tax planning provides expected tax savings, it can simultaneously increase th...
262 citations
Authors
Showing all 1156 results
| Name | H-index | Papers | Citations |
|---|---|---|---|
| Stephen J. Wood | 105 | 700 | 39797 |
| Viral V. Acharya | 99 | 376 | 31776 |
| Michael Frese | 97 | 384 | 37375 |
| James Taylor | 95 | 1161 | 39945 |
| E. Tory Higgins | 94 | 363 | 48833 |
| Howard Thomas | 83 | 504 | 26945 |
| John Roberts | 78 | 365 | 45997 |
| Dinesh Bhugra | 70 | 682 | 18690 |
| Jiju Antony | 68 | 411 | 17290 |
| David De Cremer | 65 | 297 | 13788 |
| Andy Neely | 65 | 222 | 26624 |
| Gerard George | 64 | 145 | 27363 |
| Julian Birkinshaw | 64 | 233 | 29262 |
| Geoffrey C. Williams | 64 | 231 | 19261 |
| Alan Manning | 63 | 245 | 17975 |