Quarterly Journal of Business and Economics articles from January 2005

Quarterly Journal of Business and Economics archives from January 2005

Administrative compensation in private nonprofits: the case of liberal arts colleges.
January 1, 2005... Introduction The earliest theories of labor developed by Hicks (1966) and Marshall (1923) emphasized the derived nature of factor demand. Product price and marginal productivity work to affect labor demand. There is a clear connection...

Exchange market pressure in Australia.
January 1, 2005... Introduction Since the collapse of the Bretton Woods system in the early 1970s, most industrialized economies have moved toward a managed floating exchange rate regime--allowing some exchange rate flexibility, but often intervening in the...

Studies on the effect of trading volume and return volatility on call warrants and underlying stocks in Taiwan.(financial commodity call warrants)
January 1, 2005... Introduction Call warrants are a kind of derivative financial commodity with a form similar to an option. They are contracted rights issued by a specific securities company or a financial investment institute. They are valuable...

Financing strategies of the R&D firm.(research and development)
January 1, 2005... Introduction This paper examines how research and development (R&D) rich but cash poor firms finance continued growth. We find that most acquisitions are seller-initiated partial cash acquisitions of the seller through a private secondary...

The impact of trading party on the execution spread: evidence from futures markets.
January 1, 2005... Introduction The bid-ask spread is an important component of the overall transaction costs. Several studies have found that the size of the spread is a function of several factors. For example, Klock and McCormick (1999) find that...

The impact of limit order handling on the NYSE and Nasdaq transaction costs (+).
January 1, 2005... Introduction Optimal security market design is an important issue for both academics and practitioners. The questions "What constitutes an optimal market design?" and "Which of the existing stock markets is more efficient?" long have been...

The response of bank share prices to securitization announcements.
January 1, 2005... Introduction Securitization is the process whereby generally illiquid loans and other receivables are placed into relatively homogeneous pools, underwritten, and sold in the form of securities, thereby liquefying the claims. Multibank...

The effect of asymmetric information on dividend policy.
January 1, 2005... Introduction In spite of extensive empirical research on dividend policy, we know little about how firms set these policies. Several theories exist on why firms pay dividends. These theories can be categorized based on the market...