Ohlson & Juettner-Naworth (2005) show, using a “scheme” developed in Ohlson 1998, 2000, that one can derive the residual income model from the discounted dividend model. However, their method involves the condition that an infinite sum (book value per share) divided by the infinite sum of...

This paper extends research on the Monday effect across specific asset classes. We examine this anomaly using the CRB Index, the US Treasury Bond Rates and the US Dollar Index. The study tests have shown that the Monday effect holds true for the CRB Index and Treasury Bonds. However, there is no...

The U.S. having run large current account deficits for more than two decades, it should exhibit larger than reported net foreign liabilities and net income payments. These outcomes can be explained by the fact that the U.S. has enjoyed better returns on its gross external assets than it has paid...