eXtensible Business Reporting Language (XBRL), a financial accounting application of XML, provides a taxonomy for facilitating the analysis of financial statement information. This taxonomy promises to enhance the financial analyst?s ability to process financial information both...

Within the context of fundamentally efficient markets, this paper demonstrates analytically how short sellers can put non-transitory downward pressure on the stock market prices and intrinsic values of companies that need to raise external capital because of insufficient internal liquidity. The...

This paper examines the investment characteristics and performance measures of American Depository Receipts (ADRs) for the 1983-1992 time frame. In contrast to previous studies, a more complete sample of ADRs and a fuller set of performance metrics is examined. ADRs are found to have lower P/E...