Purpose – The purpose of this paper is to examine the stock price reaction to the first announcement in SEC filings of the enactment of corporate governance guidelines. Agency and management theories suggest the enactment of guidelines should create value for the owners....

Purpose – The purpose of this paper is to compare small and large motor carriers to determine whether small motor carriers serve a smaller, more concentrated customer base, have owners that are more involved in the customer relationship management process, and earn higher returns usually...

Purpose – This paper seeks to explore empirically the shareholder reactions to an officer leave of absence (OLOA) announcement. Design/methodology/approach – A standard event study methodology is applied to daily stock holding period returns. The sample studied consists of 104 firms...

This paper examines the effects of contract award announcements on the stock returns of successful grantees. Contract awards are identified using Lexis/Nexis and classified according to whether the grantor is another corporation or government body. The government grantors are further classified...

Purpose – The study is a test for the existence of an international stock market anomaly. Design/methodology/approach - To test for holiday anomalies over a ten year period, the study examines six major international indices using dummy variable regressions with continuous data and simple...

We argue that U.S. senators from the same state and in the same party form different winning coalitions. We also develop a theory that stipulates that parties encourage these senators to form very distinct constituency coalitions. Parties use committee assignments as a carrot to give these...