This article reports and analyzes the results of a survey of the portfolio managers of 63 life insurance companies. The survey suggests that life insurers have been shifting from privately placed assets (e.g., mortgages) to those that are likely to be publicly traded (e.g., government...

The first decade of the e-commerce era saw an increase in activity in the software development industries as new firms were created and existing firms made acquisitions. Many firms pursued a growth strategy and this growth required capital that was often obtained through an initial public...

We investigated the stock price behavior of public pharmaceutical and biotechnology companies upon approval of a drug by the Food and Drug Administration (FDA). Using event study methodology, we examine the reaction caused by the approval, separating it from the asset price movements caused by...