Purpose – The purpose of this paper is to investigate how to determine optimal investing stopping time in a stochastic environment, such as with stochastic returns, stochastic interest rate and stochastic expected growth rate. Design/methodology/approach – Transformation method was used for...

This paper incorporates EGARCH modeling in a financial event study relating firm value to negative environmental news. News media provide informal information channels unlike formal government disclosure programs. This paper improves on previous studies by using a larger sample than most...

Purpose – The purpose of this paper is to investigate how to determine optimal investing stopping time in a stochastic environment, such as with stochastic returns, stochastic interest rate and stochastic expected growth rate. Design/methodology/approach – Transformation method was used for...

We explore the relation between individualism and horizons and types of corporate investment, based on individualism’s implications for risk taking. We find that firms in individualistic countries invest more in long-term (risky) than in short-term (safe) assets. Moreover, the effect of...

This study examines the extent to which business schools worldwide are integrating Corporate Governance Education (CGE) into their curricula and presents pedagogical suggestions for curriculum design of CGE. A study of 90 academic syllabi from courses taught at Business or Law Schools located...

Recently an efficient fixed point algorithm, called maximization by parts (MBP), for finding maximum likelihood estimates has been applied to models based on Gaussian copulas. It requires a decomposition of a likelihood function into two parts and their iterative maximization by solving score...