Demonstrating arbitrage using Diamonds and the Dow Jones
Industrials index.
Introduction
There are now no fewer than 450 exchange-traded fund portfolios
(ETF, HOLDR, or iSHARES) at www.amex.com and listed on the NYSE, a menu
of choices which facilitates investor pursuit . . .
Baby boomers' effect on equity prices: a tsunami or a
tempest in a tea pot?
Introduction
The effects of demographics on markets and the economy have
interested researchers for some time. A specific group, the so-called
baby boomers, has been receiving special attention . . .
Determinants of the lapse rate in life insurance operating
companies.
Introduction
The purpose of this study is to determine whether factors
influencing the lapse rates on ordinary life insurance products can be
identified and their importance statistically . . .
Information-based accruals strategy.
Introduction
It has been well documented that investors frequently fail to
detect the lower persistence of the accrual component of earnings, and
thus tend to overreact to the information . . .
Impact of corporate governance on the pricing and performance of
bank IPOs.
Introduction
This study aims to determine the effect of corporate
governance-related variables on pricing and performance of initial
public offerings (IPOs) by banking holding companies . . .
Do corporate governance, independent boards, and auditors affect
market and financial performance? An application to the Istanbu
Introduction
The ongoing process of globalization and liberalization has led to
significant changes in the relationships between the participant groups
and corporate structures. Among the most . . .
The cost of being good.
Introduction
This paper examines the performance of U.S. equities through the
use of socially responsible investment screens. Socially responsible
investing (SRI) is reflected in the attitudes of . . .
From the editors.
The papers published in this issue were presented at a 2006
Symposium organized by the Financial Services Institute, housed at the
Peter J. Tobin College of Business, St. John's University. . . .
New valuation rules apply to the charitable donations of
vehicles.(American Jobs Creation Act of 2004)
Abstract
The rules for determining the amount of a deduction for the
charitable contribution of a vehicle were recently amended by the
American Jobs Creation Act of 2004. Although charitable . . .
Ethical Implications of reporting fair value in financial
statements.(Statement of Financial Accounting Standards)
Abstract
Statement of Financial Accounting Standards No. 157, Fair Value
Measurements, issued by the Financial Accounting Standards Board (FASB)
on September 15, 2006 provides enhanced guidance . . .
Audit procedures on the use of fair value of share-based
compensation.(Public Company Accounting Oversight Board )
Abstract
In October 2006, the Public Company Accounting Oversight Board
released a series of "staff questions and answers" to pro vide
guidance to CPAs who audit estimates of fair value of . . .
The new fair value hierarchy: key provisions, implications, and
effect on information usefulness.(Statement of Financial Account
Abstract
Statement of Financial Accounting Standards No. 157, Fair Value
Measurements, introduces a fair value hierarchy that prioritizes the
data companies use for such measurements. The new . . .
Business combinations: convergence and fair value.(Financial
Accounting Standards Board)(International Accounting Standards
Boar
Abstract
The exposure drafts issued by the Financial Accounting Standards
Board (FASB) and the International Accounting Standards Board (IASB) are
considered a major joint project on business . . .
Fair value measurements in impairment testing: how SFAS No. 157
increases consistency and comparability.(Statement of Financial
Abstract
In September 2006, the Financial Accounting Standards Board issued
a new standard, Statement of Financial Accounting Standards No. 157,
Fair Value Measurements (SFAS 157). Prior to this . . .
New requirements for measuring and reporting fair value in
GAAP.
Abstract
Statement of Financial Accounting Standards No. 157, Fair Value
Measurements, which was finally issued in September 2006, establishes a
framework for measuring fair value in generally . . .
The impact of the accounting profession's movement toward
fair value reporting in financial statements: an interview with Theres
KPMG LLP, the audit, tax and advisory firm, turns knowledge into
value for the benefit of its clients, people, communities and the
capital markets. Its professionals work together to provide . . .
Special issue: fair value in financial reporting, auditing, and
tax accounting.(from the editors)
During most of the last century, standard setters emphasized
historical cost accounting. Under this traditional accounting model, the
income statement, which results from matching an entity's . . .
Minimizing liability with an effective document creation and
retention policy.
Abstract
An increasing number of statutes and governmental regulations
impose obligations on organizations to retain documents. The failure to
do so could expose the company to sanctions, . . .
Understanding the legal status of the world's largest
business market: the European Union.
Abstract
A great deal of confusion exists as to the legal status of the
European Union (the EU) today. The EU is widely recognized as the latest
phase in the economic evolution of the Common . . .
Size does matter: an examination of the economic impact of
Sarbanes-Oxley.
Abstract
We employ an event study analysis to examine the market reaction to
congressional agreement on the passage of the Sarbanes-Oxley Act of
2002. We find that as firm size increases, the . . .
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