In this paper, we conduct a set of Monte Carlo sampling experiments to examine the effect of design characteristics on the inequality restricted maximum entropy (RME) estimator. We generate data under varying design characteristics, and estimate the parameters using maximum entropy and least...

The purpose of the present study is to determine the effects of two select types of high school extracurricular activities on future earnings: athletics and the National Honor Society. Utilizing data from the 1979 National Longitudinal Survey of Youth and a two-stage least squares estimation...

The central purpose of this work is to test the Sharpe-Lintner-Black Capital Asset Pricing Model in the Brazilian equity market. We have concluded that the CAPM is dead in the Brazilian equity market because, besides using the market premiums to explain the panel equity premiums, there are also...

This paper has the purpose of testing the expectations hypothesis of the term structure for two corporate bond yields. A new test is developed based on an ARIMA data generation process of the short rate, and on the derivation of a relation between the change in the long rate and revisions of...

Includes: Front Cover, Editorial Information, JAAE Manuscript Submission Guidelines

Includes: Front Cover, Table of Contents, Editorial Information