Journal of Economics and Finance

Publishes theoretical and empirical articles in the general areas of economics and finance. 

Articles from Vol. 30, No. 3, Fall

Are There Racial Differences in Faculty Salaries?
AbstractMany studies have used micro-level data in estimating earnings differentials by gender for college professors. None has studied racial earnings differences for faculty except by employing a dummy variable for race in its regression models. The...
Explaining Momentum Profits with an Epidemic Diffusion Model
AbstractWe show that information diffusion is a function of its dissemination and assimilation. Whereas dissemniation is a function of observable factors such as volume and price volatility, assimilation is dependent on unobservable factors such as the...
Motives Behind Equity Holding by Banks: Evidence from India
AbstractThis paper examines the motives behind equity holding by banks in non-financial firms. It has been argued that banks hold equity in firms primarily for two reasons: to support their debt holding or for returns as capital investments. This paper...
Obesity: An Economic and Financial Perspective
AbstractObesity has been slowly increasing in most countries. This problem has increased to an extent that it is being labeled an epidemic and a leading cause of preventable deaths, second only to smoking. This paper provides a synthesis of the extant...
Performance Persistence of Fixed Income Mutual Funds
AbstractThe "winner-winner, winner-loser, gone" methodology allows tests for short-term performance persistence for government and corporate fixed income mutual funds from 1990 to 1999. Persistence occurs when "winner" (loser) funds remain "winner" (loser)...
The Valuation Effects of Bank Loan Ratings in the Presence of Multiple Monitors
AbstractStudies have shown that when two information providers or outside auditors exist, the value provided by the second one will be decreased by the actions of the first. Credit rating agencies have been rating bank loans since 1996. Capitalizing...
To What Extent Are Public Savings Offset by Private Savings in the Oecd?
AbstractThe substitutability of private and public savings has implications for the effectiveness of fiscal policy. Using annual data for the period 1970-2004, this study re-examines long-run relationships between OECD private and public savings rates....