Purpose – The purpose of the paper is to determine if banks that solved the Y2K problem early created value for their shareholders. Design/methodology/approach – The method of analysis is an event study. Findings – The primary finding of the analysis is that solving the Y2K problem did not...

This paper investigates the relationship between property pricing precision (deviation from an expected property value) and specialization in the listing process by agents. It is hypothesized that financially-constrained, risk-averse sellers prefer finer gradations of pricing precision, i.e.,...