We show that the performance of traditional fixed income index funds is being negatively impacted by minimum maturity rules established by the indices that these funds seek to replicate. Bonds removed from the index because of minimum maturity rules underperform a matched sample in the two month...

We examine the relationship between corporate governance and default risk for a sample of firms cited in the Securities and Exchange Commission's (SEC's) Accounting and Auditing Enforcement Releases (AAERs). Using hazard analysis of actual default incidence and OLS regressions of a continuous...