This article examines the long-term stock market performance of debt-free firms with high and low levels of debt capacity to see whether they are different. We use Fama and French's (1993) three-factor and Carhart's (1997) four-factor models to examine the subsequent 1, 2, 3, 4 and 5-year stock...

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 -...

To reduce large files of data into manageable subsets of stocks marked for further review, bottom-up investors utilize spreadsheet software to sort key financial ratios calculated for all equities contained within. Flaws associated with the commonly used price-to-earnings (PE), price-to-book...

We examine the operating performance of preferred stock issuers using the sample of preferred stock issues during 1991-2000. We find the median profit margin and Return On Assets (ROA) of the preferred stock issuers deteriorate until the year of preferred issuance, hit the bottom in the year of...

We examine the capital structure policies of Korean firms using survey data for business group <i>(chaebol)</i> firms and independent firms. Our results are compared with findings in earlier studies for developed economies: Graham and Harvey (2001) for the United States and Brounen et al. (2004, 2006)...