Business Angels are private individuals (or syndicates) who supply venture capital to businesses, mainly small start-up firms, in an informal investment market setting. This paper presents a preliminary analysis from the first phase of a research project that explores the emergence of Business...

The transition economies of Central and Eastern Europe (CEE) are engaged in fierce competition for foreign direct investment (FDI). This paper examines FDI trends in CEE, FDI competition, the policy framework, and institutions such as inward investment agencies. It identifies patterns in FDI...

This article discusses the recent bank failures of Silicon Valley Bank (SVB) and Signature Bank (Signature) and analyzes the balance sheets of these banks to determine if they were outliers or if they represent a systemic problem in risk management. We highlight how uninsured deposits held at...

Audits provide monitoring for investors. The collapse of markets across the financial crisis made assets more difficult to value, which increased risk for auditors. The money markets were at the center of the financial crisis increasing audit engagement risk on money market funds, which at the...

The money market rates in the United States exhibit various calendar patterns that are grounded in institutional and regulatory factors. In this paper, we document a new regularity in the overnight fed funds market. Specifically, we identify patterns of decreased volatility along with consistent...

College of Business Deans often use the appearance of articles in a set of top journals as the sole measure of research quality. We examine the error rates in finance of the decision rule that only articles in the top three journals (JF, JFE and RFS) qualify as high quality articles. Using the...

We examine if a floating NAV increases the transparency of risk for investors. Using closed-income fixed income funds we find little evidence that a floating NAV helps investors better understand the value and risk of a fund when a fund’s assets trade infrequently. This potentially informs the...

NAV is at the forefront of a policy debate; namely, whether or not money market funds should switch from a fixed $1 to a floating NAV. The supporters of floating NAV argue that this will provide investors with better information regarding the value of the fund's underlying portfolio. However,...

Accounting for the Gender Income Gap in Urban China Zizhuo Sun (ABSTRACT) Using data from the China Housing Survey, that was conducted in 1993, the present study attempts to learn whether and how specific factors--human capital (including education and health), guanxi (social connections),...