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Management Turnover and Corporate Governance Changes Following the Revelation of Fraud

Agrawal, A.; Jaffe, J.F.; Karpoff, J.M. - Rodney L. White Center for Financial Research, Wharton … - 1998

Anecdotal evidence suggests that top managers of firms that are investigated or charged with criminal fraud lose their … jobs. From a theoretical perspective, it is plausible that fraud scandals create incentives to change managers, in an …, to improve the external monitoring of managers or to rent new directors' valuable reputational or political capital. …

Persistent link: https://www.econbiz.de/10005245338

The Cost of Institutional Equity Trades.

Keim, D.B.; Madhavan, A. - Rodney L. White Center for Financial Research, Wharton … - 1998

This article provides an overview of the empirical evidence on the magnitude and determinants of equity trading costs. The focus is primarily on the trades of institutional investors.

Persistent link: https://www.econbiz.de/10005774150

THE CRASH OF '87: WAS IT EXPECTED? THE EVIDENCE FROM OPTIONS MARKETS.

BATES, D.S. - Rodney L. White Center for Financial Research, Wharton … - 1990

Persistent link: https://www.econbiz.de/10005245185

Options, the Value of Capital, and Investment.

Abel, A.B.; Dixit, A.K.; Eberly, J.C.; Pindyck, R.S. - Rodney L. White Center for Financial Research, Wharton … - 1996

Persistent link: https://www.econbiz.de/10005245195

On the Integration of the US Equity Markets.

Blume, M.E.; Goldstein, M.A. - Rodney L. White Center for Financial Research, Wharton … - 1995

Persistent link: https://www.econbiz.de/10005245197

Mutual Fund Returns and Market Microstructure.

Carthart, M.M.; Kaniel, R.; Musto, D.K.; Reed, A. - Rodney L. White Center for Financial Research, Wharton … - 1999

) that a subset of fund managers deliberately cause the price shifts with buy orders, intending to move return to the current …

Persistent link: https://www.econbiz.de/10005245200

Ex-Ante Real Rates and Inflation Premiums: A Consumption-Based Approach.

Balsam, A.; Kandel, S.; Levy, O. - Rodney L. White Center for Financial Research, Wharton … - 1998

This paper sets out to quantify, with the use of a consumption-based CAMP, the risk premiums inherent in the Israeli market for index-linked and non-index-linked bonds. In contrast to what has appeared in the macroeconomics literature, this study, quantifies the size and dynamics of two such...

Persistent link: https://www.econbiz.de/10005245201

The Analysis of VAR, Deltas and State Prices: A New Approach.

Grundy, B.D.; Wiener, Z. - Rodney L. White Center for Financial Research, Wharton … - 1996

We provide a monotonic transformation of an initial diffusion with a level-dependent diffusion parameter that yields a second, deterministic parameter process. Altering the diffusion parameter while maintaining the original Brownian motion at the expense of the drift can be viewed as a...

Persistent link: https://www.econbiz.de/10005245203

INTERTEMPORAL PRICE DISCOVERY BY MARKET MAKERS: ACTIVE VERSUS PASSIVE LEARNING.

LEACH, J.C.; MADHAVAN, A.N. - Rodney L. White Center for Financial Research, Wharton … - 1990

Persistent link: https://www.econbiz.de/10005245204

Futures and Forward Prices with Markovian Interest Rate Processes.

Benninga, S.; Protopapadakis, A. - Rodney L. White Center for Financial Research, Wharton … - 1993

Persistent link: https://www.econbiz.de/10005245211