In this paper, we examine the impact of a drug withdrawal on shareholders of firms and their
direct competitors. We find shareholders suffer significant wealth losses when there are …

This paper illustrates how a misclassification cost matrix can be incorporated into an
evolutionary classification system for bankruptcy prediction. Most classification systems for …

Several empirical studies show a systematic relationship between stock characteristics (size,
earning yield, dividend yield, etc.) and stock returns. The previous studies, that show stocks …

We examine the performance of enhanced index and quantitative equity funds. Both types of
funds use quantitative models in investment selection. Enhanced index funds set an explicit …

Differences in performance have been especially dramatic in recent years. For example, the
Wilshire Large Company Growth Index returned 42% in 1998, 36% iti 1999, and-25% in …

Previous academic research has presented a theoretical basis for a relationship between
attributes of a firm's reputation and its financial performance. For the United States, …

We investigate the relationship between a firm's degree of social responsibility and its
performance. To accomplish this objective, we examine the stock market reaction to the …

Abstract Machine learning algorithms that incorporate misclassification costs have recently
received considerable attention. In this paper, we use the principles of evolution to develop …

This article describes the operations of the Resolution Trust Corporation (RTC), examines the
procedures it employs to resolve distressed Savings and Loan scenarios and investigates …

A buy-and-hold strategy over a 44-year investment period turns out to perform as well as a
strategy of investing in a broad market index. At the end of 44 years, the buy-and-hold …