The impact of bond rating changes on common stocks and bonds: Tests of the wealth redistribution hypothesis
JK Zaima, J McCarthy - Financial Review, 1988 - Wiley Online Library
Past studies on the impact of bond rating changes have focused on bonds or stocks and the
information content of rating change announcements. This paper examines both bonds and …
information content of rating change announcements. This paper examines both bonds and …
Voluntary corporate divestitures and value
D Hearth, JK Zaima - Financial Management, 1984 - JSTOR
The purpose of this paper is to ascertain whether voluntary, non-spinoff divestitures lead to
increases in the wealth of the shareholders of the divesting firm, thus having real economic …
increases in the wealth of the shareholders of the divesting firm, thus having real economic …
Insider trading, ownership structure, and the market assessment of corporate sell‐offs
M Hirschey, JK Zaima - The Journal of Finance, 1989 - Wiley Online Library
This paper finds that the generally favorable assessment of corporate sell‐off decisions is
most apparent for closely held firms where insider net‐buy activity is prevalent during the prior …
most apparent for closely held firms where insider net‐buy activity is prevalent during the prior …
Analysis of DJIA, S&P 500, S&P 400, NASDAQ 100 and Russell 2000 ETFs and their influence on price discovery
SI Ivanov, FJ Jones, JK Zaima - Global Finance Journal, 2013 - Elsevier
This study examines the temporal behavior of price discovery in the spot, ETF and futures
markets of the DJIA, S&P 500, S&P 400, NASDAQ 100 and Russell 2000. We document an …
markets of the DJIA, S&P 500, S&P 400, NASDAQ 100 and Russell 2000. We document an …
Portfolio strategies using EVA, earnings ratio or book‐to‐market: Is one best?
K Leong, M Pagani, JK Zaima - Review of Accounting and Finance, 2009 - emerald.com
Purpose – Past studies have shown that investment strategy using two popular metrics, the
earnings‐price ratio (EP) and book‐to‐market ratio (BM) enable investors to reap abnormal …
earnings‐price ratio (EP) and book‐to‐market ratio (BM) enable investors to reap abnormal …
The profitability of vertical integration
RJ Maddigan, JK Zaima - Managerial and Decision Economics, 1985 - Wiley Online Library
This paper examines the profitability of vertical integration using alternate indices of vertical
integration Our results suggest that the profitability‐vertical integration relation is highly …
integration Our results suggest that the profitability‐vertical integration relation is highly …
The MVA‐EVA relationship: Separation of market driven versus firm driven effects
JK Zaima, HF Turetsky, B Cochran - Review of Accounting and …, 2005 - emerald.com
Studies that examine the relationship of economic value added (EVA) to market value did
not isolate the EVA effect in conjunction with controlling for the economic effect of the market. …
not isolate the EVA effect in conjunction with controlling for the economic effect of the market. …
Bank debt, insider trading, and the return to corporate selloffs
M Hirschey, MB Slovin, JK Zaima - Journal of Banking & Finance, 1990 - Elsevier
Recent theoretical models suggest that banks carry out an evaluation and monitoring function
for borrowers that entails the collection of private information from borrowers. In this paper, …
for borrowers that entails the collection of private information from borrowers. In this paper, …
Analysis of the effects of ESOP adoption on the company cost of capital
SI Ivanov, JK Zaima - Managerial Finance, 2011 - emerald.com
Purpose – The purpose of this study is to examine whether employee stock ownership
plans (ESOPs) add or destroy value from a new perspective by examining the relation of the …
plans (ESOPs) add or destroy value from a new perspective by examining the relation of the …
The wealth effects of voluntary selloffs: Implications for divesting and acquiring firms
JK Zaima, D Hearth - Journal of Financial Research, 1985 - Wiley Online Library
Previous research examining the wealth effects of voluntary selloffs has shown positive stock
price movements around the announcement date for divesting firms. Shareholders realize …
price movements around the announcement date for divesting firms. Shareholders realize …