This essay discusses the new forces at work about the conduct of the war of aggression of Russia against the sovereign state of Ukraine. The essay starts in a first section with a discussion on the sanctions imposed by the Western countries to react to the Russian war against the Ukraine; the...

The coordination of legal systems is a concept that has occupied the minds of legislators, political leaders and legal academics for centuries, particularly with a view towards facilitating business across borders. Within the European Union, coordination has been achieved to some extent in those...

The rate of fluctuation of Exchange rate in Uganda has been on a rise and this prompted research (study) to examine the major determinants and also analyse the real effective Exchange rate. The study focused on four specific objectives which are; to examine the influence of Balance of Payment on...

Using the complete history of regular quarterly and annual filings by U.S. corporations from 1995-2014, we show that when firms make an active change in their reporting practices, this conveys an important signal about future firm operations. Changes to the language and construction of financial...

Product market advertising, by acting as a costly signal of quality, is thought to increase the demand for a company's stock as well as its products. I construct a dataset of publicly traded sports sponsors in the US and develop an instrument for investor exposure to advertising via these...

This study examines the impact of both expense ratio and tracking difference on Exchange-Traded Fund (ETF) performance. The relationship between expenses and performance is much stronger than the relationship between tracking difference and performance. This study shows that the slightly...

This study examines the risk-adjusted performance of actively managed mutual funds vs. passively managed mutual funds between 1991 and 2018 and finds that the statistical significance of the difference in performance between the two types of funds disappears when the passively managed funds are...