Showing 1 - 10 of 14
Companies whose names contain the words “America(n)” or “USA” earn positive abnormal returns of about 6% per annum during World War II, the Korean War, and the War on Terrorism. These abnormal returns are not realized immediately upon the outbreak of each of the wars but are accumulated...
Persistent link: https://www.econbiz.de/10011047533
Using daily observations from 448 actively managed funds, we employ the methodology in Bollen and Busse (2001) in order to assess the ability of fund managers to time systematic risk factors. We first construct synthetic portfolios in order to obtain the empirical distribution of timing...
Persistent link: https://www.econbiz.de/10008872549
Persistent link: https://www.econbiz.de/10009150120
Persistent link: https://www.econbiz.de/10014330973
In this paper, we review the literature on private benefits and cross-listings in the United States. We first discuss the alternative approaches used to measure private benefits. We survey recent evidence documenting cross-country differences in the levels of private benefits obtained by...
Persistent link: https://www.econbiz.de/10005718743
Persistent link: https://www.econbiz.de/10005180222
Persistent link: https://www.econbiz.de/10011927918
Persistent link: https://www.econbiz.de/10011912369
Persistent link: https://www.econbiz.de/10011912378
Persistent link: https://www.econbiz.de/10012001873