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- August 2006
- Article
Investor Sentiment and the Cross Section of Stock Returns
By: Malcolm Baker and Jeffrey Wurgler
We examine how investor sentiment affects the cross-section of stock returns. Theory predicts that a broad wave of sentiment will disproportionately affect stocks whose valuations are highly subjective and are difficult to arbitrage. We test this prediction by... View Details
- August 2006
- Article
Predicting Returns with Managerial Decision Variables: Is There a Small-Sample Bias?
By: Malcolm Baker, Ryan Taliaferro and Jeffrey Wurgler
Many studies find that aggregate managerial decision variables, such as aggregate equity issuance, predict stock or bond market returns. Recent research argues that these findings may be driven by an aggregate time-series version of Schultz's (2003, Journal of Finance... View Details
- July 2006 (Revised June 2010)
- Teaching Note
Eldeco: Playing in the Big League (TN)
By: Arthur I Segel, Nicolas P. Retsinas and Griffin James
- July 2006 (Revised September 2012)
- Teaching Note
Holt Lunsford Commercial (TN)
By: Arthur I Segel
Teaching Note for case number 804012. View Details
- July 2006
- Teaching Note
Hines Goes to Rio (TN)
By: Arthur I Segel and Ricardo Reisen de Pinho
Keywords: Brazil
- June 2006
- Article
Large Blocks of Stock: Prevalence, Size, and Measurement
By: Jennifer Lauren Dlugosz, Rudiger Fahlenbrach, Paul Gompers and Andrew Metrick
- 2006
- Working Paper
The Effect of Dividends on Consumption
By: Malcolm Baker, Stefan Nagel and Jeffrey Wurgler
Classical models predict that the division of stock returns into dividends and capital appreciation does not affect investor consumption patterns, while mental accounting and other economic frictions predict that investors have a higher propensity to consume from stock... View Details
- April 2006
- Module Note
Cross-Border Financial Opportunities
By: Mihir A. Desai and Kathleen Luchs
Describes the fifth module in the International Finance course at Harvard Business School. This module explores how segmented capital markets create financing opportunities for firms and the mechanisms that evolve to take advantage of those opportunities. The issues... View Details
- April 2006
- Teaching Note
Nestle and Alcon - The Value of a Listing (TN)
By: Mihir A. Desai and Kathleen Luchs
Keywords: Food and Beverage Industry
- April 2006
- Teaching Note
Drilling South: Petrobras Evaluates Pecom
By: Mihir A. Desai and Kathleen Luchs
Keywords: Energy Industry
- April 2006 (Revised April 2007)
- Case
Endeca Technologies: New Growth Opportunities
By: Paul A. Gompers and Kristin Perry
Steve Papa, CEO of Endeca Technologies, must decide whether to expand into a new market with a new application of his company's technology. Endeca has experienced significant success with its information access software in the online retail industry, and in September... View Details
- April 2006
- Case
Chad-Cameroon Petroleum Development and Pipeline Project (C)
By: Benjamin C. Esty and Aldo Sesia
- April 2006
- Case
Chad-Cameroon Petroleum Development and Pipeline Project (C) (Abridged)
By: Benjamin C. Esty and Aldo Sesia