This study tests for the existence of financial contagion, using a method that allows an incubation period before contagion takes effect. We define contagion as an increase in cross-market linkages following shocks. With daily data on Asian stock markets during the 1997-98 crisis, we find...

Purpose: Student Managed Funds (SMFs) are extremely popular investment programs at many colleges and universities that provide their students with experiential learning opportunities to manage real money. However, the size, scope and specific features of these SMFs differ substantially. The...

The instantaneous probability (hazard rate) of a firm's exit from Chapter 11 protection is examined. Using the Weibull duration model, the effect of various regressors and the effect of the time a firm spends under Chapter 11 protection on this instantaneous probability is analyzed. I show that...