In an earlier work the impact of an execution moratorium in Texas on the monthly returns (first differences) of homicides was investigated. That moratorium was judicially imposed pending the appeal of a death sentence that could have had widespread consequences. A similar methodology is applied...

Critiques of scholarly research contain their own flaws; sometimes even more so than the work they are critiquing. Such is the case of the critique of our research authored by John Donohue and Jason Wolfers. Published in the Stanford Law Review their paper avoided the blind peer review process...

Traditional textbook analysis either presumes or graphically depicts a monotonically positively sloped security market line (SML). Tests to empirically derive the SML also presume such a function. This paper argues that over the range of negative betas the SML is not positively sloped but...

This study provides evidence from an early direct test of the Financial Accounting Standards Board (FASB) 142 policy statement regarding investor market reaction to corporate goodwill impairment announcements. Under new rules, the amortization of goodwill is replaced with a two-step procedure to...