Investor Response to Management Decisions: A Research-Based Analysis of Actions and Effects

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This work offers a research-based discussion of management's ability to anticipate how investors will respond to the investing, financing, and operating decisions they make in managing their business. Citing investor behaviour as rational and predictable, Altman brings reasoned theory and the results of classic academic research studies to interpreting company stock price movements. Topics covered include investing decisions that affect asset, unit, and corporate structures; investor response to financing decisions and financial policy; response to decisions embodied in earnings reports and forecasts; corporate control; and management response to investor decisions.

Author Bio

RICHARD M. ALTMAN is an Options Principal Member of the American Stock Exchange where he trades stocks and equity options. A graduate of the University of Chicago Graduate School of Business, Altman is the author of the Quorum book, Creating Investor Demand for Company Stock (1988).