This article analyses stock market reactions in countries competing to hold the Olympic Games around the time of the winning bid announcements, using both regular and abnormal returns. We analyse the announcement effects of winning and losing for both Summer and Winter games, beginning with 1996...

This study examines the ranking by institutional affiliation of authors appearing in the six leading finance journals (Financial Management, Journal of Banking and Finance, Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis and Review of Financial...

The explosive growth in REITs over the past decade suggests that they provide an important alternative investment vehicle. Since REITs are a representation of the real estate market, they should theoretically provide similar diversification benefits of holding direct real estate in a portfolio....

Purpose – The purpose of this paper is to evaluate firm financial success across a broad range of performance measures and identify areas of the performance spectrum for which positive results were most difficult to achieve. Simultaneously, the authors identify the firms that most frequently...

This paper analyzes stock market reaction to court decisions related to the differential treatment of in-state and out-of-state internet wine sales. Several states had differential laws governing internet sales of wine directly to consumers for in-state and out-of-state wineries. These laws were...

This study employs a variance decomposition approach to explore the investment characteristics of equity REITs within a multi‐factor model relating REIT returns to returns to small capitalization value stocks, small cap growth stocks, large cap stocks, bonds and private real estate. It also...