Post by arfanho7 on Feb 25, 2024 5:20:15 GMT
Download working paper http ssrn abstract Measurement Errors of Expected Return Proxies and the Implied Cost of Capital By Wang Charles C.Y. ABSTRACT—Despite their popularity as proxies of expected returns the implied cost of capital s ICC measurement error properties are relatively unknown.
Through an in depth analysis of a popular implementation of ICCs by Gebhardt Lee and Swaminathan GLS I show that ICC measurement errors can be not only nonrandom and persistent but can also be associated with firms risk or growth characteristics implying that ICC regressions are likely Ukraine Mobile Number List confounded by spurious correlations. Moreover I document that biases in GLS measurement errors are driven not only by analysts systematic forecast errors but also by functional form assumptions so that correcting for the former a primary focus of the ICC literature is insufficient by itself. From these findings I argue that the choice between a tradeoff between bias and efficiency and suggest that realized returns should be used in conjunction with ICCs to make more robust inferences about expected returns.
Download working paper http ssrn abstract The Challenges and Enhancing Opportunities of Global Project Management Evidence from Chinese and Dutch Cross Cultural Project Management By Zhang Ying Christopher Marquis Sergey Filippov Henk Jan Haasnoot and Martijn van der Steen ABSTRACT—This study investigates the role of national and organizational culture in day to day activities of multinational project teams specifically focusing on differences between Chinese and Dutch project managers.
Through an in depth analysis of a popular implementation of ICCs by Gebhardt Lee and Swaminathan GLS I show that ICC measurement errors can be not only nonrandom and persistent but can also be associated with firms risk or growth characteristics implying that ICC regressions are likely Ukraine Mobile Number List confounded by spurious correlations. Moreover I document that biases in GLS measurement errors are driven not only by analysts systematic forecast errors but also by functional form assumptions so that correcting for the former a primary focus of the ICC literature is insufficient by itself. From these findings I argue that the choice between a tradeoff between bias and efficiency and suggest that realized returns should be used in conjunction with ICCs to make more robust inferences about expected returns.
Download working paper http ssrn abstract The Challenges and Enhancing Opportunities of Global Project Management Evidence from Chinese and Dutch Cross Cultural Project Management By Zhang Ying Christopher Marquis Sergey Filippov Henk Jan Haasnoot and Martijn van der Steen ABSTRACT—This study investigates the role of national and organizational culture in day to day activities of multinational project teams specifically focusing on differences between Chinese and Dutch project managers.