In this study, we examine whether superior accounting performance as reported in the annual ABA Banking Journal Top Performing Banks survey translates into higher investor returns. We observe that the announcement effect is more pronounced during the early years of the survey. For the entire...

In this paper, we investigate announcement effects and longer-term performance associated with the release of the Forbes’s Best Banks survey. Although the market reacts positively to the announcement, overall event window effects are negative. Raw and risk-adjusted returns are statistically...

In this paper we examine the market reaction to the announcement by "Fortune" of the 'Best 100 Companies to Work for in America.' Employees rate firms based on several criteria including trust in management, pride in work/company and camaraderie. To examine long-term performance, we calculate...