This thesis investigates firms with patterns of repeated cash dividend increases to answer two research questions. First, are firms rewarded for this particular type of dividend policy, and second, is there any evidence to support the hypothesis that the stock market learns to anticipate a...

In a recent theoretical paper, Sherman [Sherman, A.E., 2005, Global trends in IPO methods: Book building versus auctions with endogenous entry, Journal of Financial Economics 78, 615-649.] proposes that: "If book building leads to greater expected underpricing relative to uniform price or...

In his article, entitled “Forcing Them to be Free,†Peceny (1999) presents and empirically tests an argument that while most U.S. military interventions are not successful in bringing about democracy, those cases of intervention in which the U.S. also pushes for “free and fair...

In a recent edition of this Journal, Bartholdy and Brown (1999) presented ananalysis of the ex-dividend share price behaviour of shares listed on the NewZealand Stock Exchange. The authors conclude that their results are consistentwith the tax clientele effect (driven by long-term investors) and...