Practitioners and personal finance textbooks generally exclude human capital when constructing balance sheets although this asset represents an individual's earning power and is liquidated over time to meet financial needs. Representing human capital on the balance sheet recognizes its...

Purpose – The purpose of this paper is to examine the day‐of‐the‐week effect for three primary money market instruments in Canada. The sample period is 1980‐2009. Design/methodology/approach – The authors use three approaches. First, a parametric t ‐test is employed to determine if...

If one believes in a more sustained economic recovery in the near term than the more volatile one we have been witnessing over the past few years, and hence the inherent risk of accelerating inflation, Treasury inflation-protected securities (TIPS) could provide inflation protection to...

Using the 2014 Nielsen Homescan panel data, the Heckman two-stage sample selection model is used to estimate the likelihood of purchasing organic or conventional flour as well as the quantity purchased of organic and conventional flour. A number of demographic variables are found to be...

In econometric models, sign or inequality constraints on parameters arise in a wide variety of applications. In this paper, we incorporate linear and nonlinear inequality constraints into systems of equations with both discrete and continuous variables serving as the dependent variables. The...