We examine the link between scheduled FOMC meetings and the VIX uncertainty measure. Our results indicate that regardless of the pre-scheduled status of such meetings, the VIX significantly declines on meeting dates, which we attribute to the resolution of uncertainty regarding future interest...

We examine the payout policy of U.S. firms over the period 1980-2008. Prior research indicates that firm characteristics, managerial preferences, and investor clienteles are all important factors in setting payout policy. We examine the roles of these factors and seek to determine which drives...

We examine the payout policy of U.S. firms over the period 1980-2008. Prior research indicates that firm characteristics, managerial preferences, and investor clienteles are all important factors in setting payout policy. We examine the roles of these factors and seek to determine which drives...

We utilize Compustat quarterly data and earnings announcement dates to study how the time from the end of firms' quarters to the announcement of the firm's earnings has varied, on average, during 2005-2015. In addition, we study how the advent of XBRL may have affected the timeliness of firms'...

We dissect the impact of information contained for future asset returns in the implied volatility skew. Future returns are linked to the discrepancy between call and put volatilities of at-the-money options and to the left side of the volatility skew, calculated as the difference between...

There is evidence of abnormal stock returns at and following stock split announcements. The successful prediction of splits could enhance investor returns, but few studies try to do so. We hypothesize that a neglected aspect of prior prediction studies is companies that previously split with...

A landmark decision (Murphy v. NCAA) by the Supreme Court of the United States (SCOTUS) in 2018 ruled the federal government could not prohibit states from allowing sports wagering. While the implications of this decision are far reaching at both an industry and societal level, our study...

Home field advantage has been a commonly accepted assumption in sports. How much of this advantage is due to the home team’s supporters’ physical attendance at the game where they might encourage their team, intimidate the opponent, and influence game officials? We utilize the unique natural...