We investigate the likelihood of extreme foreign exchange-rate exposure (FXE), conditioning upon key firm factors and an expanded view of hedging. Our investigation incorporates the Fama and French (1993) three-factor (FF three-factor) model terms in reconciling equity returns vis-à-vis...

We use a sample of individual firm stock returns over the 1988–2009 time period to determine whether: (1) expected daily returns are related to asymmetric risk measures, (2) expected daily returns are related to the directional change of the prior day's price, and (3) our results are robust to...

PPurpose – The purpose of this paper is to illustrate the effectiveness of integrating a portfolio simulation-based trading program with the top-down approach to fundamental analysis in a security analysis course. The simulation allows for the application of class material using a combination...

Purpose – The purpose of this paper is to illustrate the effectiveness of integrating a portfolio simulation‐based trading program with the top‐down approach to fundamental analysis in a security analysis course. The simulation allows for the application of class material using a...

Fusion works. It powers the Sun and the other stars, and the Joint European Torus (JET) at Culham in the UK has produced 16 MW of fusion power. Fusion has many potential advantages, including essentially limitless fuel, no carbon dioxide or other emissions, and intrinsic safety. Recent...