In this paper we report on our investigation into whether the level of target managerial ownership has an effect on acquisition financing choice and target CEO job retention. We find that cash is more likely used to finance acquisitions when target management ownership levels are high. This...

This paper shows how to implement arbitrage-free models of the short-term interest rate in a discrete time setting that allows a continuum of rates at any particular date. Current models of the interest rate are either continuous time-continuous state models, such as the Vasicek or Cox,...

It is commonly believed that the negative financing-return anomaly is associated with the negative investment-return anomaly. The purpose of this research is to thoroughly investigate this issue to answer the question of whether the return predictabilities based on investment and financing...

Hip fractures occur frequently among the elderly, often with severe medical, psychological and social repercussions. This research takes a new look at hip fracture rehabilitation, focusing on meanings and post-fracture prognostic indicators. An innovative methodological approach to narrative...

Purpose – The article attempts to determine whether academic research in the area of finance has a direct link to the practitioners in the field. Design/methodology/approach – This paper used a survey of over 50 finance practitioners to ask their opinion on the relevance of academic finance...