Mutual fund portfolio managers do not always meet performance expectations, resulting in loss of capital reserves. Out of 3,612 U.S. based open-ended mutual funds, the risk-adjusted performance of 2,890 (80%) failed to meet the S&P 500 performance between the year 2006 to 2016. Grounded in...

This research analyzes the relationships between the market return after each Election Day and economic performance under each president's administration. The analysis shows that the after-election market movement has been more and more accurate in reflecting the future GDP growth and the future...

We develop an integrated set of propositions describing the relationships among CEO characteristics, the perceived trustworthiness of the CEO, and the board of directors’ decisions concerning the governance structure of the firm. In particular, we propose that CEO education, tenure,...

Purpose: The purpose of this paper is to examine the joint effect of supervisor influence and investor perspective on novice auditors’ assessments of accounting estimates. Design/methodology/approach: The experiment used a 2 × 2 between-subjects design, randomly assigning proxies of...