Portfolios of equity mutual funds tend to be equally weighted to a greater degree than they are value weighted according to metrics of fund weightedness developed in this paper. Measures of fund investment performance based solely on a single value-weighted or equally weighted benchmark may...

The literature on corporate governance and the market’s delayed reaction to news events proliferated over the last two decades. This paper examines return patterns surrounding the event date for firms purchasing naming rights for North American sports stadiums. One argument appearing in the...