US Companies were widely reported to be investing millions of dollars over the last two decades to upgrade manufacturing and operating facilities to increase competitiveness in the global marketplace. These investments should have resulted in increased profitability. The observed performance of...

Contrary to the restrictive bivariate results of Saunders (1995), our findings from open‐economy multivariate models accord with the conventional IS/LM apparatus and decisively support the use of fiscal policy as a key macrostablization tool in the U.S. economy. We provide theoretical...

This study examines the historical return behavior surrounding foreseeable or expected special closings of the New York Stock Exchange. Pre and Post special closing return behavior supports no existing hypothesis, but instead clearly demonstrates a new pre and post special closing effect similar...

Each year since 1983, Fortune magazine has published a survey featuring “America's most admired” corporations. Although the most admired corporations are certainly worthy of some praise and the least admired deserving of criticism, whether these admired companies are worthy of investors'...