The response of nineteen national stock market indexes to large movements in a world index is tested separately from a local investor and a U.S. perspective. There is substantial evidence that some countries overreact while others underreact. To the extent that the over- and underreactions can...

I re-examine the stock price reaction of stocks listed in Business Week's quot;Inside Wall Streetquot; (IWS) column over the period July 1, 2002 to October 20, 2003. This study contributes to the existing literature by investigating the specific reason for the stocks' recommendation in the IWS...

This paper investigates split-off initial public offerings (IPOs). Our objective is to investigate the returns prior and subsequent to the offering date of split-off IPOs for high-technology firms in the most recent bull market. Such an investigation is warranted for at least two reasons. First,...

The objective of this study is threefold. Our primary objective is to determine the point at which earnings become low enough to trigger a liquidation (abandonment) option during the 1998 fiscal year on the New York Stock Exchange and the Nasdaq. Second, we investigate whether that earnings...

We reinvestigate a version of the beauty contest originally developed by Keynes (1936) with a focus on cognitive reflection. Using a sample of 166 undergraduate students at a regional university in Florida, we confirm previous research by Burnham et al. (2009) that cognitive reflection, as...

We reinvestigate a version of the beauty contest originally developed by Keynes (1936) with a focus on cognitive reflection. Using a sample of 166 undergraduate students at a regional university in Florida, we confirm previous research by Burnham et al. (2009) that cognitive reflection, as...

We investigate the relationship between a firm's degree of social responsibility and its performance. To accomplish this objective, we examine the stock market reaction to the announcement of Fortune magazine's list of 100 Best Companies to Work For over the 1998 to 2003 period. We find...

The objective of this study is threefold. First, we seek to investigate whether overall quality ratings recorded by students on RateMyProfessors.com (henceforth RMP) are positively related to the perceived easiness and hotness RMP ratings for 173 economics professors at public universities in...

This study extends the research on closed-end fund performance persistence by investigating whether the persistence of both net asset value (NAV) and market price returns of U.S. registered closed-end funds is related to various fund characteristics. The sample consists of 505 closed-end funds,...

Entrepreneurship is not only used to create a business idea, but also to restructure a business in response to environmental conditions. Firms that issue equity after emerging from bankruptcy are unique in that they exhibit less asymmetric information than other firms that issue equity. They...