In the wake of the market timing and late trading mutual fund scandals, many mutual funds adopted redemption fees to limit market timing. In this paper we investigate the impact of redemption fees on the risk-adjusted performance of U.S. based international equity funds, the very funds that many...

Purpose: This paper aims to investigate the relation between the creditworthiness of US institutions of higher education and their student selectivity (i.e. demand and quality). Design/methodology/approach: The authors study whether the impact of student selectivity differs across public vs...

With recent trends toward globalization and capital market integration, emerging markets have increasingly become the target of many investors in search for higher returns. Before placing their money abroad, however, investors need to bear considerable challenges in mind. While investments in...