Purpose – In a relatively new and interesting study, a new theory was offered to explain events surrounding the Salem witch trials of 1692. According to the author of that study (Carlson), the behavior of the accusers can be explained by an outbreak of encephalitis. The purpose of this paper...

Breton and Wintrobe (1982) develop a non-traditional (modern) model of bureaucratic management that is based on the notion of “vertical trust†– the notion that subordinates “trade services†that advance the goals of the bureau''s leadership in return for various...

We examine the effect of an unannounced information event, Hurricane Katrina, on the liquidity of the residential real estate market in an area proximately located to the Mississippi Gulf Coast. Using 2SLS and Weibull techniques applied to a unique MLS data set, we test changes in liquidity in a...

Purpose – The purpose of the paper is to determine if banks that solved the Y2K problem early created value for their shareholders. Design/methodology/approach – The method of analysis is an event study. Findings – The primary finding of the analysis is that solving the Y2K problem did not...