Under conditions of risk neutrality and rational expectations in the foreign exchange market, there should be a one-to-one relationship between the forward rate and the corresponding future spot rate. However, cointegration-based tests of the unbiasedness hypothesis of the forward rate have...

The US residential brokerage industry has seen real commission rates and agent incomes rise over the past several decades while percentage commission charges remained relatively stable within local markets. Access to the Multiple Listing Services (MLS) and strong industry interdependency helped...

It is commonly understood that residential real estate brokerage fees in the US tend to run 6% or 7% within local markets for existing property resales. Exceptions to these historically uniform going rates are starting to appear, and utilization of the internet will provide new efficiencies that...

Real Estate Investment Trusts (REITs) and Real Estate Operating Companies (REOCs) seem to have different systematic risk levels even though both invest almost exclusively in real estate related assets. We find business risk to be negatively related to systematic risk, as measured by beta, for...

This paper presents a new test of the present value model of stock price determination, using some of the recent advances in the econometrics of seasonal time series. Unlike earlier studies which generally find stock prices, dividends, and interest rates to be characterized by standard...

Since 1991, business schools in the US and Europe that are affiliated with AACSB have been urged to employ a mission-driven philosophy and approach into their programs. An annual Business School Questionnaire (BSQ) is conducted and shared among members to provide characteristics related to their...

In this paper, we examine changes in the behavior of ex-dividend stock prices when the exchanges changed from pricing stocks in discrete intervals to decimal pricing. Based on prior models of ex-dividend behavior and price discreteness of Dubofsky and of Bali and Hite, we anticipate that the...

After successfully maintaining ACBSP accreditation and subsequently adding the attainment of AACSB accreditation as an important objective, the College of Business Administration at Texas A & M University–Kingsville is institutionalizing and standardizing student learning outcome assessment....

After successfully maintaining ACBSP accreditation and subsequently adding the attainment of AACSB accreditation as an important objective, the College of Business Administration at Texas A & M University–Kingsville is institutionalizing and standardizing student learning outcome assessment....