We conducted a global study of the long-term issuer ratings of nonfinancial firms from Standard and Poor's Ratings Services (S&P) for the period 1998-2003. Specifically, we focused on the solicited versus unsolicited ratings and sample-selection bias in the analysis. Unlike the literature, we...

We conducted a global study of the long-term issuer ratings of nonfinancial firms from Standard and Poor's Ratings Services (S&P) for the period 1998-2003. Specifically, we focused on the solicited versus unsolicited ratings and sample-selection bias in the analysis. Unlike the literature, we...

The authors conducted a global study of the long-term issuer ratings of nonfinancial firms from Standard and Poor's Ratings Services (S&P) for the period 1998–2003. Specifically, they focused on the solicited versus unsolicited ratings and sample-selection bias in the analysis. Unlike the...

We examine networking effects on financial research based on a rich database of citations for all articles and editorial board membership information from a set of 23 finance journals during 1990-2010. Our findings show that a common characteristic amongst the premier journals (JF, JFE, and RFS)...

The Merton-type structural model, when extended to sovereign issuers, suggests a negative relationship between sovereign credit default swap (CDS) spreads and stock prices. Capital structure arbitrage strategy that exploits such relationships should foster the integration of CDS and the stock...

This study examines the impact of internal control on firm innovation using a sample of Chinese firms. The impact of the internal control system as a whole, as well as the impact of the five components of internal control individually (i.e., control environment, risk assessment, control...

This paper provides an account of the contributors in financial education research during 1991-2002. We present the top institutions and individuals in financial education research that were published in quot;Financial Practice and Educationquot; and quot;Journal of Financial Educationquot;. In...

This pedagogical note introduces The Essays of Warren Buffett: Lessons for Corporate America. We find the Essays are insightful and useful in the classroom. We also share our lesson plan in using the material for discussion on corporate governance and other issues. A survey result also reveals...

We provide a research ranking of academic finance departments that incorporates both a quantitative and qualitative dimension in its methodology. Based on the strengths of the various approaches in the literature, our modified citation approach includes all research outlets (not just finance...

Asian initial public offerings (IPOs) require investors to pay a subscription cost upfront upon submission of an application, and these funds are locked up for one to three weeks without interest. Hence, the IPO process entails an explicit financing cost (opportunity cost) whether investors...