In this paper, the historical changes in the Dow Jones Industrial Average index are examined. The distributions of index changes over short to moderate length trading intervals are found to have tails that are heavier than can be accounted for by a normal process. This distribution is better...

This paper examines how changes in the minimum payment percentage and effective maturity of introductory offers affect credit card arbitrage. Credit Card arbitrage involves taking a cash advance on, or making purchases against, a credit card that offers a low or zero percent introductory...

This paper presents a case study concerning benchmarking one particular set of performance attributes of firms. Specifically, the study addresses issues of planning, budgeting, forecasting and automation of the accounting and finance functions of Hong Kong firms. Students are required to compile...

This paper explores the firm-level characteristics that explain pollution emissions during 1988-1996. Differences in pollution approach between different types of firms provide an unique research setting to investigate how firms with favorable environmental reputations compare to firms with...

Currency adjusted stock indices consider the impact of both stock value changes and underlying currency value changes on total wealth changes. This paper explores causality and cointegration of currency-adjusted indices using intraday data. This paper examines tick-by-tick data for seven...

This paper describes an educational program involving joint research projects undertaken between faculty and undergraduate accounting and finance students. The goal of the program was to provide undergraduate accounting and finance students a valuable educational experience resulting in a joint...

A number of authors have examined the publishing activity in finance journals. Generally, these articles examine the total number of articles published by an author. This procedure gives a rating advantage to authors who have been in the academic market for longer periods of time. Lifetime...

An ongoing concern of firms is how to measure performance in ways that support a long-term, forward-thinking strategic view across the entire organization. Many systems and measures purport to accomplish this goal. Each of three measurement systems, Economic Value Added (EVA), tracking stocks,...

This paper explores the firm-level, state and federal characteristics that explain pollution emissions during 1988-1996. Differences in pollution approach between different types of firms and the states in which they operate provide an unique research setting to investigate how firms respond to...

In a recent paper written by one of the authors of this article and published in the American Business Review ('the Paper'), Terrance Jalbert examines the comparative valuation of firms subject to pass-through taxation and firms subject to double taxation. This article discusses the Paper, using...