Companies whose names contain the words “America(n)” or “USA” earn positive abnormal returns of about 6% per annum during World War II, the Korean War, and the War on Terrorism. These abnormal returns are not realized immediately upon the outbreak of each of the wars but are accumulated...

I use simulated series of buys and sells to test nine different PIN estimation algorithms implemented in SAS, proc NLP. I conclude that the algorithms do a good job estimating PIN, on average, when applied to series generated from high-PIN data generating process (PIN0.2). However, when applied...

An farmer-entrepreneur is considering an investment in Greenhouse Lemon Plantation in Shymkent, Kazakhstan. The case presents investment details and asks the students to perform financial evaluation of the project. Questions ask about building the full capacity at once versus building gradually...