Prior studies have considered a variety of factors that may account for the variation in wealth across U.S. households. This study adds to existing literature in this area by more closely analyzing a subset of households - those considered low savers. More specifically, we empirically determine...

Corporate name changes are relatively common events, with some evidence suggesting that name changes are strategic in nature. Although prior research has examined the effect of name changes on the firm, these studies have focused primarily on the stock price reaction to name changes. Such a...

The liability exposure in the majority of states is limited by law, specifically states' sovereign immunity statutes. However, the sovereign immunity of states and state entities have been challenged in both federal and state courts for nearly 200 years. This article reviews the principle of...

Few studies of pension funding consider the agency conflicts that might affect pension plan management and the role of pension plans within the overall capital structure of firms. The primary purpose of this study is to determine if a relation exists between the level of insider ownership and...

Statistics gathered by the Pension Benefit Guaranty Corporation indicate that an average of 7,000 defined benefit plans were terminated per year between 1988 and 1997. Prior studies exploring motives for defined benefit pension plan terminations have focused exclusively on overfunded plans. This...