Remuneration – It’s Broke, So Fix It

Executive Compensation Briefing – Vol. 11. No. 2 March 2014 [ISSN 1743-7113], 1st March 2014 Adam Smith taught us that some qualities of individuals that are not necessarily admirable, such as greed, can nonetheless have beneficial outcomes for the economy as a...

Easy, queasy money.

Financial World [December / January 2013-2014], 2nd December 2013 The central banks of Japan, the UK and the US have been giving priority to stimulating demand because they believe their economies are operating below optimum level. The usual way would be to lower...

The Change in Corporate Behaviour.

World Economics Journal, Vol. 13, No. 4 Oct-Dec 2012., 1st October 2012 Key points • Corporate behaviour in the UK and US has changed so that the cash surplus of the business sector has become a structural rather than a cyclical phenomenon. • This has arisen because...

Toolkit for eurozone survival.

Central Banking Journal, 1st March 2012 The eurozone’s short-term outlook depends on markets, voters, bureaucrats and politicians. Its longer term future requires radical change. Andrew Smithers considers the conditions that are needed for the eurozone to...

“Behavioural Thoughts on Equity Valuation.”

The UK Society of Investment Professionals, 7th March 2007 Presentation by Andrew Smithers at UKSIP’s Professional Development Seminar on Current Issues In Equity, which was held at the Weaver Suite, 90 Basinghall Street, London EC2V 5AY. Full presentation:...