Quarterly Journal of Business and Economics articles from June 2006

Quarterly Journal of Business and Economics archives from June 2006

The dynamic interaction between equity prices and supply shocks.
June 22, 2006... Introduction Real stock prices have been fluctuating significantly around an upward trend on frequencies of approximately 25-years duration in most of the industrialized countries over the past century (Siegel, 2002; Shiller, 2001)....

Seasonal and non-seasonal long memory in the US interest rate and the Monetary aggregates.
June 22, 2006... Introduction Many macroeconomic time series contain important seasonal components. It is a common belief that modelers need to pay specific attention to the nature of seasonality rather than essentially to ignore it. The concept of...

Did decimalization benefit members of the Toronto Stock Exchange?
June 22, 2006... Introduction The decimalization of the North American market has attracted considerable research interest among academics, exchanges, and the regulatory body. (1) Large numbers of studies look into the effects of decimalization on the...

The impact of announced motives, financial distress, and industry affiliation on shareholders' wealth: evidence from large sell-offs.
June 22, 2006... Introduction Divestiture activities increased sharply during the 1990s as a part of widespread corporate restructuring activities. Firms sold non-core businesses to focus on core competencies and divested units that no longer fit firms'...

Is there conditional mean reversion in stock returns?
June 22, 2006... Introduction Recent research by Fama and French (1988a, 1988b), Poterba and Summers (1988), and Bekaert and Hodrick (1992) reports significant negative serial correlation in long-term stock returns. One explanation for this statistical...