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"Tailspotting: Identifying and profiting from CEO vacation trips" by David Yermack -
2014-06-11 07:39:49 GMT
Victory through semantics
"This paper shows close connections between CEOs’ absences from headquarters and corporate news disclosures. I identify CEO absences by merging corporate jet flight histories with records of CEOs’ property ownership near leisure destinations. I find that CEOs go to their vacation homes just after companies report favorable news, and CEOs return to headquarters right before subsequent news is released."
Мне понравилось наличие связи между погодой на даче и движением курса акций
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