Quarterly Journal of Business and Economics articles from January 2006

Quarterly Journal of Business and Economics archives from January 2006

Empirical evidence of nonlinearity and chaos in the returns of American depository receipts.
January 1, 2006... Purpose and Motivation of the Research The purpose of this paper is to examine the time series behavior of ADR returns. Specifically, we are looking for linear and nonlinear structures and chaos. The analysis of the behavior over time of...

An empirical analysis of emerging stock markets of Europe.
January 1, 2006... Introduction The demise of communism in Russia and Eastern Europe has led to increased opportunities for investors seeking greater potential returns and portfolio diversification. There is an important political context in which all of...

The risk arbitrage performance: failed acquisition attempts.
January 1, 2006... Introduction In this paper, we report on our study of the performance of risk arbitrage as it relates to failed acquisition attempts. Risk arbitrage is an investment/trading strategy designed to capitalize on the spreads (arbitrage)...

Causes and consequences of audit shopping: an analysis of auditor opinions, earnings management, and auditor changes.
January 1, 2006... Introduction The choice of auditor firm is an important decision in the life of a corporation, and the decision to change auditors should not be made lightly. Extant research has identified several reasons for a company to change its...

Evidence on stock price effects associated with changes in the S&P 600 SmallCap Index.
January 1, 2006... Introduction A large body of literature focuses on the market effects of changes to the S&P 500 Index. These studies consistently show significant, positive (negative) reactions when firms are added to (deleted from) the S&P 500 Index....

Selection of the scale measure in narrow money demand: the cases of Japan and Germany.
January 1, 2006... Introduction In the realm of standard macroeconomics, there are few conventions as well established as the use of income as the measure of transaction (the scale variable) in specification of the narrow money demand function (MDF)....