Over much of the last decade, the United States and Japan have been embroiled in a trade dispute over access to Japanese markets for semiconductors and downstream products. This study examines stock price reactions for firms affected by a subset of events commencing with the filing of a Section...

We examine effects of government actions and related accounting policies on the corporate bond market implied by changes in relations between aggregate bond returns and cash flow and discount rate news. We capture the influence of risk by partitioning bonds into investment and speculative...

This paper models management consultants' decisions about the order of client engagements when the consultant reduces clients' costs. The consultant can either immediately spread the innovation to all clients or sequentially spread the innovation to one client at a time. Licensing agreements,...