Stock market populism- investment clubs and economic history -- Investment clubs as markets in microcosm -- Group composition & the business case for diversity -- Getting ahead versus getting along-decision making in investment clubs -- Reflections on investing in the 1990s -- Implications and...

Im Unterschied zum deutschen Markt existieren in den USA Aktienfonds, dessen Anteile nicht über eine Fondsgesellschaft erworben und verkauft, sondern an der Börse gehandelt werden. Bei diesen so genannten „Closed-End Funds“ (CEFs) ist häufig zu beobachten, dass ihr Marktpreis nicht ihrem...

"Born to enslaved parents, Anthony Overton became one of the leading African American entrepreneurs of the twentieth century. Overton's Chicago-based empire ranged from personal care products and media properties to insurance and finance. Yet, despite success and acclaim as the first business...

The classical approach to testing for structural change employs retrospective tests using a historical data set of a given length. Here we consider a wide array of fluctuation-type tests in a monitoring situation – given a history period for which a regression relationship is known to be...