By analyzing the global financial markets' valuation of commercial sponsorships in Formula One (F1) motor racing, this paper advances research in the emerging area of return-on-investment of marketing resources. While previous research indicates U.S. markets approve of similar promotional...

We present an analysis of clientele trading effects in response to the widespread dissemination of public information. Employing analyst recommendations published in The Wall Street Journal's quot;Dartboardquot; column as the informational stimulus and the NYSE's TAQ (trades and quotes)...

This study presents an analysis of the wealth effects of property-liability insurance company market pullout announcements on the shareholders of both the withdrawing firms and their major competitors. The results of the study indicate that market withdrawals are positively interpreted by...

On March 21, 2000, Aeroflex Corporation became the first company in history to voluntarily switch its equity listing from the New York Stock Exchange to the Nasdaq. This study presents a comprehensive analysis of the changes in trading dynamics observed in Aeroflex stock around the time of the...

We analyze the external funding of academic finance research. We show that funding is uncommon, particularly for U.S.-based faculty, and is related to predictable attributes of an author's reputational capital. Further, when research is funded we find it is associated with better articles, as...