We investigate the risk and return relationships of stocks, bonds and T-bills over the past six decades in Canada (1958 to 2017) and provide insights on some conventional folklore on a myriad of risk and return issues including investment duration. We also investigate the impact of NAFTA and the...

Across the world, there has been a significant growth in financial assets managed by public sector entities including pension funds of public sector employees. Canada is no exception. The six largest public-sector pension funds in Canada collectively manage/invest approximately one trillion...

In the last four years, sixty-two blank check companies have raised $4 billion dollars with their IPOs. According to the SEC definition, a Blank Check company is a development stage company that has no specific business plan or purpose, or has indicated that its business plan is to engage in a...

An analysis of Canadian corporate income tax revenues during the 1984-94 period shows a relative shifting of tax revenue shares between Canadian and foreign-controlled corporations, and a substantial change in the debt levels of foreign-controlled corporations, as well as Canadian-based...

This paper presents an empirical investigation of costs associated with four major restructurings in the North American steel industry over the past decade. In contrast to many previous studies which concentrated mainly on the impact of restructuring on shareholders and bondholders, this study...

The impact of LCGE on financing of Canadian corporations and investment and risk-taking behaviour of individual Canadians is examined. The post-LCGE period shows a significantly higher reliance on external equity by large corporations, an increase in the number of taxpayers reporting dividend...

This paper examines the farm and small business LCGE. Our results of the farm LCGE provide only a partial support to the notion that it meets the special retirement needs of farmers. A large majority of the beneficiaries have income sources other than farming; however, many of them are near...

In this paper, we examine the motivations of acquirers undertaking partial acquisitions in emerging markets by testing two competing hypotheses: the market for corporate control hypothesis and the market entry hypothesis. We find that targets of cross-border acquisitions outperform targets of...