Finance journal quality is a critical issue for faculty annual evaluations, for the tenure and promotion process, and for the administration of faculty workload plans. Unlike other studies that use objective measures(such as citation frequencies) to rate journals, this study focuses on the...

The purpose of this study is to determine what firm-specific factors affect the risk of insurance companies. Traditional methods used to identify potential failures have been severely criticized. Thus, alternative approaches to risk assessment should be of interst to investors and managers of...

This study examines the market's reaction to foreign divestitures and explains why reactions vary across firms. A significant positive reaction is observed, which is similar in magniture to that observed for a matched control sample of domestic divestitures. The size of the reaction is...

Insurance company risk is assessed after their acquisitions. An acquisition may increase risk if it is a strategic mismatch, or an acquisition may reduce risk through cash flow diversification. Over thirty-six month periods surrounding insurance company acquisitions, systematic risk changes are...

Given their unique characteristics, insurers that adjust their dividends may create a unique signal. An event study methodology is used to measure the share price response of insurers to dividend increases, and matched control samples of banks and industrial firms are similarly assessed. The...

This article discusses the Samp;L crisis. Proposed solutions are discussed in the context of the industry as it currently stands. With a somewhat similar liability structure to that of banks (mainly short-term deposits), the asset structure of Samp;Ls is quite different. Whereas banks assets...

This study is designed to examine the effect of the CRA on the financial performance of 60 banks. For this sample of banks, performance measures such as return on assets (ROA), return on equity (ROE), salary expense ratios improve significantly in the five year period after the passage of the...

The relationship between currency exchange rate risk and country risk, country development, and country geographic location are examined. Using a sample of 52 countries over the period from 1991 through 1995, results indicate that those countries with relatively high levels of country risk...

This study examines the market's reaction when hospitality firms announce the issuance of new debt and equity. Results indicate that equity issuance announcements elicit a negative reaction, but no significant reaction is observed with respect to new debt issues. A cross-sectional analysis...

This study assesses the stock price reaction to announcements of dividend increases by firms in the hospitality industry using a standard event study methodoloy. Results indicate that dividend increases are favorably received by market participants because a statistically significant positive...