Environmental activities of a company may result in payments for hazardous waste site costs. Based upon current financial accounting standards, prospective payments for these costs are not always reported as liabilities on financial statements. Agribusiness lenders require complete information...

This study applies a model of systematic belief revision to examine the effect of the relation between current-period unexpected earnings and prior-period security returns on the current period relation between those unexpected earnings and returns. Cross-sectional analysis blurs the effects of...

In the natural resource literature, convertional wisdom holds that weak property rights will cause a resource to be over-exploited. This is because weak property rights are typically perceived as a problem of input exclusion. In this paper, we first present evidence to the effect that weak...

In the natural-resource literature, conventional wisdom holds that weak property rights will cause a resource to be over-exploited. This is because weak property rights are typically perceived as a problem of input exclusion – or theft of un-extracted resources. We present evidence to the...

This article examines the impact economic variables had on the rate of settlement, measured by original homestead claims, in the Western United States. Our results from the estimated panel regressions indicate that the underlying rationale for the Homestead Act, namely that economic factors were...

This paper uses regression analysis to explore possible relationships between culture and governance. The World Bank Worldwide Governance Indicators, in six expressions, are used as dependent variables. Explanatory variables are real per capita GDP (PPP) and culture measured in two dimensions....