"Closed-End Funds, Exchange-Traded Funds, and Hedge Funds: Origins, Functions, and Literature is a concise and valuable book that will be of interest to individual investors, financial professionals, and academic researchers, alike. It provides a brief history and institutional discussion of...

Characteristics of Investment Companies -- A Brief History of Investment Companies -- Closed-End Funds Issues and Studies -- Exchange-Traded Funds: Issues and Studies -- Hedge Funds: Issues and Studies

We investigate the relationship between a firm's degree of social responsibility and its performance. To accomplish this objective, we examine the stock market reaction to the announcement of Fortune magazine's list of 100 Best Companies to Work For over the 1998-2003 period. We find significant...

There has been much speculation about the recent upsurge in crude oil prices and the effect it will have on the economy and business. The objective of this paper is to investigate the relationship between oil prices and stock prices of automobile manufacturers. We add an oil price factor,...

Until recently, the empirical focus of the finance literature has been on the long-accepted weak-form and potentially semistrong-form of market efficiency, as initially argued by Sharpe and by Lintner. A recently heavily researched area of behavioural financial research may bring us one step...

Because borrowers sometimes take out additional loans in order to repay their earlier microfinance loans, microfinance loan repayment rates may be artificially inflated. The authors therefore propose a temporal socio-cultural model based on Hofstede's (1980) cultural dimensions, the diffusion of...

Purpose – The focus of this paper is to identify factors determining willingness to pay, preferences for geographic areas, and preferred times for study abroad and semester abroad programs. Design/methodology/approach – A unique survey instrument is utilized, which was administered to a...