Murad J. Antia

University of South Florida

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i-10 index

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Co-Authors

Richard L. Meyer

Micron (United States)

Christos Pantzalis

University of South Florida

Martin S. Fridson

Healthcentric Advisors

Jung Chul Park

University of South Florida

Incheol Kim

The University of Texas Rio Grande Valley

Arun Tandon

University of South Florida

Barry Lin

Khalifa University of Science and Technology

Cooperative Institutions

University of South Florida

The University of Texas Rio Grande Valley

Micron (United States)

Pennsylvania State University

The Ohio State University

Baylor University Medical Center

Baylor University

University of Pittsburgh Medical Center

Pontifícia Universidade Católica de Minas Gerais

Deutsches Herzzentrum der Charité

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CEO Decision Horizon and Firm Performance: An Empirical Investigation

SSRN Electronic Journal (2008)

Murad J. Antia Christos Pantzalis Jung Chul Park

We investigate the effect of top managers' myopia on firms' market valuation. We devise a measure of expected CEO tenure as a proxy of the length of CEO decision horizon. After accounting for the endogenous nature of CEO horizon, our empirical tests show that it is significantly associated with agency costs and provide strong support for the hypotheses that the length of CEO decision horizon has a positive influence on firm value and a negative effect on information risk. The results are consistent with the notion that a short CEO decision horizon is indicative of preference for investments that offer relatively faster paybacks at the expense of long-term value creation.

10.2139/ssrn.1107422

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Citations (17)

Cultural distance and valuation of multinational corporations

Journal of Multinational Financial Management (2006)

Murad J. Antia Barry Lin Christos Pantzalis

10.1016/j.mulfin.2006.10.002

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Citations (38)

Political geography and corporate political strategy

Journal of Corporate Finance (2013)

Murad J. Antia Incheol Kim Christos Pantzalis

Elite

Political capital

Capital (architecture)

Political geography

10.1016/j.jcorpfin.2013.07.002

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Citations (41)

Firms' Investment and Financing Decisions: Theory and Empirical Methodology (a review)

Financial Analysts Journal (2004)

Murad J. Antia

The presentations and discussions at this May 2002 conference sponsored by the National Bank of Belgium form the contents of this book. Presenting and discussing the results of their empirical research, economists from the central bank and international scholars focused on the effect of capital market imperfections and tax policy on the investment and financing decisions of companies in general and start-up companies in particular.

Investment

Empirical Research

Investment Decisions

Corporate Finance

10.2469/faj.v60.n4.2639

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A Behavioral Approach to Asset Pricing (a review)A Behavioral Approach to Asset PricingHershShefrinElsevier Academic PressBurlington, MA2005http://www.elsevier.com. 488 pages, $84.95.

Financial Analysts Journal (2006)

Murad J. Antia

Theoretical and quantitative in orientation, this book provides a thorough analysis of the sentiment factor, which stems from systematic errors committed by investors, as one of the major determinants of asset pricing in the behavioral approach.

10.2469/faj.v62.n3.4158

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A NOTE ON THE CALCULATION OF PROBABILISTIC BETAS

Financial Review (1986)

Richard L. Meyer Murad J. Antia

10.1111/j.1540-6288.1986.tb01114.x

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Investment Manager Analysis: A Comprehensive Guide to Portfolio Selection, Monitoring, and Optimization (a review)

Financial Analysts Journal (2005)

Murad J. Antia

An exhaustive narrative of the manager search process, this book provides a practical, real-life method of analyzing investment managers. Its tone straddles the fence between academic and conversational, so newcomers to the search process should find the book informative and interesting.

Investment

10.2469/faj.v61.n2.2719

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Expectations Investing: Reading Stock Prices for Better Returns (a review)

Financial Analysts Journal (2003)

Murad J. Antia

Through explanation and case analysis, this book presents a viable alternative to other methods of valuation. In "expectations investing," the investor identifies the "turbo trigger" (the factor that is likely to have the greatest impact on the future price) and anticipates its future revisions. The approach should help investors differentiate between relevant information and the extraneous noise that often constitutes the content of stock reports.

Stock (firearms)

Style investing

10.2469/faj.v59.n5.2569

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THE GROWTH OPTIMAL CAPITAL STRUCTURE: MANAGER VERSUS SHAREHOLDER OBJECTIVES

The Journal of Financial Research (1984)

Murad J. Antia Richard L. Meyer

Abstract Utilizing a geometric mean wealth maximization approach, this paper shows potential differences between the capital structure preferred by stockholders and the one preferred by managers. In general, managers may prefer more conservative, equity‐oriented financing, while stockholders desire greater financial leverage. The problem arises because of differences in the degree of portfolio diversification achieved by managers and stockholders. Stockholders tend to have reasonably well‐diversified portfolios, causing them to be concerned with systematic risk. Managers' portfolios are apt to be more concentrated and directly tied to the financial success of an employer, causing managers to be concerned with total risk. Thus, for a given capital structure, each party views the firm as having a different level of risk. Several executive compensation plans are considered that might more closely align the interests of managers and stockholders.

Leverage (statistics)

Equity

10.1111/j.1475-6803.1984.tb00376.x

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Citations (3)

Competing for Capital: Investor Relations in a Dynamic World (a review)

Financial Analysts Journal (2006)

Murad J. Antia

Within a broad overview of the functions and responsibilities of the investor relations professional, this book focuses on the job’s increased responsibilities resulting from new laws and regulations.

Investor relations

Capital (architecture)

10.2469/faj.v62.n6.4357

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Citations (0)