In this paper, the historical changes in the Dow Jones Industrial Average index are examined. The distributions of index changes over short to moderate length trading intervals are found to have tails that are heavier than can be accounted for by a normal process. This distribution is better...

This paper ranks 500 universities and colleges based on compensation paid to their faculty. The analysis examines universities both on a raw basis and cost of living adjusted basis. This work extends the previous literature by examining a broader group of schools. This research includes private...

The process of changing reserve requirements in Costa Rica is a three step process. First the central bank makes the decision to change reserve requirements. Several days to several weeks later, the change is announced in the official newspaper. The actual reserve requirement change takes place...

This paper describes an educational program involving joint research projects undertaken between faculty and undergraduate accounting and finance students. The goal of the program was to provide undergraduate accounting and finance students a valuable educational experience resulting in a joint...

The efficiency of the Costa Rica certificate of deposit (CD) market is examined in this paper. The rate spread between US dollar denominated CDs in US. and Costa Rica banks are examined. Colon denominated rates offered by Costa Rican banks are compared to dollar denominated rates offered by U....

In this paper we compare CEOs that are firm founders to CEOs that are not firm founders. The focus ofthis paper is to examine how firm founders are different from other CEOs with regard to compensation,level of education attained, degrees earned, the age at which the individual earned his/her...

This case analyzes the feasibility of starting a large-scale ferry boat system in Hawaii called Island Ferry. Students are provided detailed information regarding the proposal and are required to analyze this information to determine if the project should be undertaken. Students are offered the...

Financial institutions frequently offer low introductory interest rates to entice individuals to open and use credit accounts with their firm. This paper examines the possibility of earning arbitrage profits by taking advantage of these special offers. We develop a formula to measure the profit...

A number of authors have examined the publishing activity in finance journals. Generally, these articles examine the total number of articles published by an author. This procedure gives a rating advantage to authors who have been in the academic market for longer periods of time. Lifetime...

An ongoing concern of firms is how to measure performance in ways that support a long-term, forward-thinking strategic view across the entire organization. Many systems and measures purport to accomplish this goal. Each of three measurement systems, Economic Value Added (EVA), tracking stocks,...