This study examines whether company managers manage pension expense to avoid reporting a financial statement loss. Since capital market participants achieve a greater financial gain when a company moves from being in a negative financial loss position to being in a positive financial gain...

Many studies find that tick size reduction results in smaller spreads and lower market making profits. However, how decimalization affects adverse selection cost and information efficiency and how the effects differ across exchanges and across stocks have not been fully investigated. This study...

This paper aims to evaluate how the aggressiveness of each state’s response to the COVID-19 pandemic affected their respective economies from Q2, 2020 through Q2, 2021. In our study, we utilize the scale developed by McCann (2020, 2021), which ranks the least aggressive state response to the...

This collection of papers originated in a workshop held on 3 November 1999 at the Surrey Energy Economics Centre (SEEC), University of Surrey, on the subject of UK Energy Privatisation: Retrospect and Prospect. In the first paper, Claire Spottiswoode, CBE, PA Consulting and former Director...