Purpose: The authors investigate how the stock market reacts to financial restatements using the restatements data from the United States Government Accountability Office (GAO-06-678). In particular, the purpose of this paper is to examine the long-run equity performance of the restating firms,...

Purpose – The purpose of this paper is to examine the practices of professors teaching the introductory class in investments. Design/methodology/approach – A sample of 101 syllabi of the first investments course taught in various AACSB accredited business schools around the country was...

Purpose – This paper aims to contribute to the existing finance literature on capital structure by examining the long-run equity performance of the firms that employ extremely conservative debt policy – zero leverage for three or five consecutive years. Design/methodology/approach – This...

Purpose – This paper aims to contribute to the existing finance literature on capital structure by examining the long‐run equity performance of the firms that employ extremely conservative debt policy – zero leverage for three or five consecutive years. Design/methodology/approach – This...

Purpose – The purpose of this paper is to examine the practices of professors teaching the introductory class in investments. Design/methodology/approach – A sample of 101 syllabi of the first investments course taught in various AACSB accredited business schools around the country was...

Purpose –Aims to test to determine whether the selection of the historical return time interval (monthly, quarterly, semiannual, or annual) used for calculating real estate investment trust (REIT) returns has a significant effect on optimal portfolio allocations Design/methodology/approach -...

Purpose – Aims to test to determine whether the selection of the historical return time interval (monthly, quarterly, semiannual, or annual) used for calculating real estate investment trust (REIT) returns has a significant effect on optimal portfolio allocations. Design/methodology/approach...

Purpose: The authors present the results of a survey on how Korean firms evaluate new projects and estimate their capital costs. The authors report how Korean firms’ capital budgeting practices compare to other developed countries and to best practices in the field of finance....

Purpose: The purpose of this paper is to contribute to financial managers’ capital budgeting decision-making processes by proposing a new paradigm of capital investment appraisal. The expected return, required return structure of the proposed purchasing power return (PPR) methodology...

Purpose: The purpose of this paper is to provide a survey of recent studies on Korean firms’ financial policies and their interactions with financial markets, and suggest directions for future research. Design/methodology/approach: The authors review the finance research on Korean firms and...