Dennis R. Capozza and Ryan Israelsen hypothesize that in markets where information costs, transactions costs and the economic impact of information can vary widely, we should expect both significant predictability and systematic variation in the predictability.
White Paper: How Quickly do Equity Prices Converge to Intrinsic Value?
The Wealth Creation Effect
Finance is in a funny place now. Corporate finance operates under the guidance of the NPV Rule. NPV Rule provides the following guidance to corporate executives: To the extent a corporation sources investment opportunities with [...more]