Focusing in the United States, this paper addresses the following question: can the increase of top managers' salaries be counted as a source of the recent increase in income inequality? The paper shows that, between 1979 and 2015, the average annual wage for the bottom 90 percent of wage...

This paper investigates whether M&A create value for the firm and its shareholders. Using data on M&A announcement made by publicly listed firms in the United States in 2003, it conducts a standard event study by calculating the cumulative abnormal return around [-1, 0, +1], where -1 is the one...

This paper focuses on modeling the evolution of volatility deterministically through (G)ARCH models and compares the performance of the different models, using the daily bilateral prices of one USD to 1 Euro from January 04, 1999 until June 23, 2017. It also compares the performance of these...

This paper investigates the behavior of corporate cash holdings across countries using publicly traded firms from the United States and Saudi Arabia. It documents that Saudi firms hold less cash than U.S. firms and tries to explain the differences in the behavior of cash holdings. It shows that...