Journal of Economics and Finance

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

Articles from Vol. 29, No. 2, Summer

Accounting Contagion: The Case of Enron
AbstractThe Enron scandal offers the opportunity to assess the degree to which misleading accounting can affect connected firms and industry rivals. While the market was inept at detecting the inaccuracy of Enron's financial statements, it swiftly punished...
CEO Compensation, Shareholder Rights, and Corporate Governance: An Empirical Investigation
AbstractWe investigate whether CEO compensation is influenced by the strength of shareholder rights. Our evidence reveals that CEOs of firms where shareholder rights are weak obtain more favorable compensation. It is also found that higher CEO pay is...
DOLLAR-DENOMINATED ACCOUNTS IN LATIN AMERICA DURING THE 1990s
AbstractIn this paper we analyze the evolution of dollar-denominated accounts in Latin America and how they impact the stability of the banking system and the volatility of macroeconomic aggregates. Our findings reveal that dollar deposits are strongly...
Further Evidence of the November Effect
AbstractTax-loss selling by individuals has long been thought to be a major factor driving the January effect. The Tax Reform Act of 1986 changed the tax-year end for mutual funds to October 31 and increased the marginal tax rate, creating a natural...
Impact of Liquidity and Information on the Mispricing of Newly Public Firms
AbstractWe test whether the mispricing of newly public firms is affected by liquidity and information during the quiet period, from the end of the quiet period until the lock-up expiration date, and post lock-up. Liquidity is affected by the underwriter's...
Stratification Economics: The Role of Intergroup Inequality
The conventional wisdom embodied in public policy discourse, popular media representations, ' and much social cience research about intergroup disparity has it that group-based deficits in personal responsibility and cultural practices are explanatory....
U.S. Presidential Election Impact on Canadian and Mexican Stock Markets
AbstractRecent empirical evidence indicates that the delay in the 2000 presidential election results impacted the stock market performance in the United States. In the present study we examine the impact of the same delay on the performance of the Canadian...