Real exchange-rate changes affect bonds differently from stocks. Bonds, having relatively
fixed income streams, reflect only an interest-rate effect; stocks reflect a conjunction of interest-…

The Bearish Sentiment Index-the ratio of the number of investment advisers who are bearish
to the total number of advisers who are either bearish or bullish-is promoted as a contrary …

… Solt is associate dean and professor of finance at the Lucas Graduate School of Business
at San Jose State University (SJSU). His work has appeared in many respected academic …

In this ecological study we show that the particular curvilinear formulation of the relationship
between density and the failing rate of organizations proposed by Hannan and Freeman …

In this paper we find that the exchange rate exposure of individual firms increases with the
return horizon. Also, the cross‐sectional differences in the magnitude of exposure of …

Gold and silver are precious metals that have come to be viewed as possible investment
assets. From the investor's point of view, it is important to know that gold and silver prices reflect …

A study was conducted to measure the growth opportunities of a company. For purposes of
the study, a growth stock was defined as a stock with a high expected risk-adjusted return. …

In this paper ad hoc procedures that employ the Black‐Scholes model in the valuation of
warrants are examined. Findings indicate that the Black‐Scholes model unadjusted for either …

The existence of the weekend effect has been documented as early as 1885. This paper
examines whether the serial dependence in returns around weekends and the magnitude of …

In the face of informational asymmetry, REIT equity investors may bear the costs of agency.
Hence, it is in shareholders' interests to pay incentive fees to induce managers to utilize their …