… This research was conducted while Kairys was on the faculty of the Richard Ivey School of
… Kairys acknowledges the research support of the Plan for Excellence at the Richard Ivey …

This paper examines the impact from changing the trading mechanism at the Riga Stock
Exchange (RSE). All three trading lists that once traded in a daily call auction followed by fixed …

Commercial paper rates contain information useful for making tactical asset allocation
decisions. A study presents and tests 3 different models that use ex ante commercial paper rates …

… Using data on IPOs that are issued in Japan between January 1975 and March 1989, this …
% of the total market value of firms listed in Japan, only 69% of Japanese IPOs were issued on …

… In Graff and Kairys (2005) we build upon the work of these earlier researchers by distilling
the transaction costs associated with the property rights in corporate securities to three …

We examine a central result in corporate finance – the Modigliani-Miller capital structure
irrelevance proposition – from a Coasian property rights perspective. Building upon the work of …

Computerized order-driven trading systems have proven highly successful in developed
market economies with deep and liquid markets, but is an electronic public order book the best …

English Managers regularly use financial forecasts of a wide range of economic variables
from the future level of interest rates, to future economic activity (GDP), to the future level of …

Politics and economics are inextricably linked. Government establishes and enforces the
rules of the game for the economy, thereby determining not only how much wealth is created, …

Fibromyalgia is a chronic pain syndrome characterized by widespread pain, fatigue, and
memory and mood disturbances. Despite advances in our understanding of the underlying …