The Halloween effect refers to a calendar anomaly that can be easily exploited and calls for buying the market index in the end of October each year and switching to treasury bills at the end of April the following year. The effect has only been studied on a 'calendar-month' basis and primarily...

Using a de facto classification of exchange-rate regimes, this paper investigates how the volatility of PPP-GDP per person and per hour of work is associated with such regimes in Mexico and in Canada. It finds that, for Mexico unlike Canada, the macroeconomic volatility left is much greater...

For the past fifty years in the United States, venture capital (VC) has provided initial funding to innovative entrepreneurial enterprises, while the European venture capital industry has only really emerged over the past decade. Using quarterly data from 1993 to 2003, this paper examines and...

The researchers note that there have been historically unprecedented falls in UK real wages since the start of the Great Recession. What's more, the long US experience of stagnant real wages (median real weekly earnings in the United States in 2013 were at about the same level as in 1979) might...

Using daily data from CRSP and COMPUSTAT, this paper first confirms the cointegrated relation between the returns of equities in the US healthcare industry and the returns of market portfolio. Then we break down the risk premia of stocks of the healthcare sector into ten subgroups and reveal an...

The recent financial crisis has plagued banking institutions around the world. Using a non-parametric (data envelopment analysis) approach, we measure operating and profit efficiency of 21 commercial banks from four countries during 2004-2010. The results suggest that for the most part there is...

Through empirical research, this article is about the techniques and methods terrorists use in order to obtain funds for their operations. I also note the conditions needed to be exiting when identifying fraud. The US Government goes through great lengths to prevent these acts with the help of...