Out of a total of 12,637 individuals who published at least one article in the leading finance journals over the past 25 years, the top 1% (10%) account for more than one third (three quarters) of the number of citations to articles published in these journals. In contrast, nearly one half of...

In this study, we show that the number of papers published by an individual in a broad set of journals is a poor predictor of the number of citations the individual will receive: the former explains less than 7% of cross-sectional variation in the latter. We find, however, that the number of...

This paper tests the relation between intellectual collaboration and the quality of the intellectual output using academic papers published in prestigious finance journals during 1988-2005. We use the number of authors of a paper to measure the extent of intellectual collaboration and the number...

Given its economic importance, insurance is a field that has been underserved as an area of academic study. This detailed book provides much needed coverage of insurance law and regulation in its international context.

Capital is constantly being raised in the market to fund firm's expansion, acquisitions, and other strategies. Equity financing for established corporations comes primarily from additions to retained earnings. However, selling new common stock is an option. The issuance of additional shares can...

This paper examines the causal relationship between the return on equity and financial leveragae in the U.S. banking industry. For the periods 1983-1989 and 1996-2002 we find there is a negative connection between bank capital and equity profitability except for the best performing banks

This paper is an event time study of the valuation effects of a sample of eighty-two permanent closings. The traditional approach to project termination decisions suggests that common stock prices should increase around the date on which firms publicly announce the termination of a projects....

This paper is an event time study of the valuation effects of a sample of eighty-two permanent closings. The traditional approach to project termination decisions suggests that common stock prices should increase around the date on which firms publicly announce the termination of a projects....