Loan guarantees to related parties by affiliated subsidiaries within family controlled pyramids form a means by which the controlling family expropriates value from minority shareholders. The controlling family, however, will attempt to escape blame for the behavior. Using a sample of 1785...

In the presence of context effects, the perceived attractiveness of individual items is not fixed and depends on other items that are offered beside them. While context effects are well explored in the marketing and psychology literature, very little work has been done on incorporating these...

A new method for computing the standard errors of returns-based risk and performance estimators for serially correlated returns is developed. The method uses the fact that any such estimator can be represented as the sum of returns that are transformed using the estimator's influence function,...

M-natural-convexity, one of the main concepts in discrete convex analysis, possesses many salient structural properties and allows for the design of efficient algorithms. In this paper, we establish several new fundamental properties of M-natural-convexity and its variant SSQM- natural-convexity...

Recent studies have proposed a large set of powerful anomaly-based factors in the stock market.This study examines the role of investor inattention in the corresponding anomalies underlying these factors and other underreaction-related anomalies. Using media coverage as a proxy for investor...