Prior research indicates a linkage between debt, research and development (R&D) and physical investment, and that the relationship varies depending on the type of firm (science versus non-science). Leverage also plays a multidimensional role in corporate performance and growth. The relationship...

Foreign investors generally underperform domestic investors in trading activities. This study shows that their inferior performance is attributed to non-initiated orders. Foreign investors actually perform better than domestic investors in initiated orders. In addition, their performance is also...

In various markets around the country, some real estate professionals are employing a new pricing strategy that involves marketing homes for sale with a price range rather than a single asking price. This strategy is often touted as a mechanism that will attract more potential buyers to look at...

This study examines the market for delinquent property tax certificates, a commonly used enforcement mechanism in property tax systems around the United States. We model the value of such certificates using a continuous-time framework and propose a statistical model that allows testing for...

The implementation of the Government Accounting Standards Board's Statement 45 mandates disclosure of other post-employment benefits in a standardized format. The mandate provides an opportunity to analyze non-information impacts of mandatory disclosures, as key components of the information...