This study examines credit score migration rates of farm businesses, testing whether migration probabilities differ across business cycles. Results suggest that agricultural credit ratings are more likely to improve during expansions and deteriorate during recessions. The analysis also tests...

This study examines the effect of inflation on stock returns in the context of the policy reaction function theory. This theory contends that the nature and extent of the government’s policy reaction to inflation will depend upon the current level of economic activity. A contractionary policy,...

Country‐specific information on risk management is increasingly important, not only for investors and decision makers in international markets but also, for those in national and regional markets. This study reports the results of a cross‐sectional survey of risk management practice and...

Most studies of intra‐industry trade (IIT) in manufacturing exclude the processed food sub‐sector (standard international trade classification (SITC) subgroups 0‐1) from their analysis on the grounds that trade in this category is predominantly determined by the availability of natural...