Purpose: In 2009, effective the second-quarter, the financial accounting standards board mandated that all banks need to disclose the fair value of loans in their 10-Q filings in addition to their 10-K filings. This paper aims to investigate whether these disclosures reduced the level of...

New lock box solution techniques have recently been suggested by Stone and Nauss-Markland. This paper briefly discusses these new methodologies and shows how the algorithms can be combined into a third solution procedure which exploits the computational efficiency of the Stone heuristic and...

It is widely assumed that common stock returns approximate a random walk, i.e., the returns are assumed to be serially independent. As a consequence, estimates of systematic risk and efficient portfolios are usually developed using any convenient differencing interval with the implication that...