Finance & accounting
What makes the research of the finance and accounting group at MBS unique is its recognition that many specific research questions are related and best examined with a broad program. For example, one ongoing research program examines dividend imputation and its effect on the portfolio choices of individual investors, super-funds and foreign investors (whose after-tax risk-reward trade-offs are differentially affected) as well as its equilibrium effect on stock prices and the cost of capital used in project evaluation and in regulatory determinations.
Another program seeks to better understand the valuation and optimal management of mining ventures by recognizing the informational differences between insiders and outside investors and building this asymmetry into the extant real options analyses of this problem.
