Holly, Pesaran, and Yamagata (2010) use a panel of 49 states over the period of 1975 to 2003 to show that state-level real housing prices are driven by economic fundamentals, such as real per capita disposable income, as well as by common shocks, such as changes in interest rates, oil prices,...

This paper investigates the relationship between female CEOs and insolvency risk of U.S. property-casualty insurance companies. We show that female CEOs are associated with lower insurer insolvency propensity, higher z-score, and lower standard deviation of return on assets. These findings are...