The standard statistical framework for evaluating investment risk and performance breaks down in the presence of modern quantitative investment strategies. In this paper, we illustrate the problematic nature of applying a 95% confidence level to algorithmic trading models. We introduce an...

In the past few years, many states have responded to the increasing number of limited service brokers by passing minimum service requirements. Limited service brokers can be viewed as those brokers who are offering their marketing and representative services A La Carte as opposed to the more...

For seasoned equity offerings, the discounting of the offer price from the closing price on the previous day is influenced by the level of asymmetric information surrounding the firm and the offering, as well as compensation to investors willing to purchase new shares. Discounting is important...

Despite a recent upturn, housing prices remain in flux in most cities nationwide. Lenders are still left dealing with a glut of distressed properties. they can choose to foreclose on the property or allow the owner/mortgagor to attempt to sell the property for less than the outstanding balance...

As interest in REIT shares grows among individual and institutional investors alike, questions surrounding the comparative performance of different types of REITs have taken on added importance. The corporate finance literature has produced some evidence that diversified firms trade at a...

Although previous research indicates that condominium unit location within a development has an effect on its value, no research has examined oceanfront condominium units and the unique influences to which they are exposed. This study analyzes data from condominium sales along the Gulf Coast of...

During the last three decades the privatization or outsourcing of what has traditionally been considered public goods and services has become commonplace. Many claim that privatization originated in the U.S.; some say that it started in Great Britain. Wherever it began, the forces and factors...