We gather a unique sample of 44 tax shelter cases to investigate the magnitude of tax
shelter activity and whether participating in a shelter is related to corporate debt policy. The …

We provide a tradeoff model of the capital structure that allows leverage to be a function of a
firm’s choice of tax aggressiveness. The model’s testable implications are supported …

This study investigates empirically candidate processes for characterizing foreign exchange
price changes measured over limited horizons. Extant empirical studies find distributions of …

This study investigates the general (asymmetric) stable Paretian distribution and three finite-
variance, time-independent distributions applied to daily stock-return series. Previous …

Contrary to the efficient market hypothesis, previous research documents a significant
correlation between lagged US close‐to‐close stock market returns and current open‐to‐close …

… Tucker and Scott find statistically significant elasticity coeficients, thus rejecting lognormality
… This study uses the CEV currency options pricing model of Tucker, Peterson and Scott (1988…

This study develops a currency option pricing model under stochastic interest rates when
interest rate parity holds, and it is assumed that domestic and foreign bond prices have local …

This paper investigates how global market sentiment propagates among the markets and
how the interdependency through the propagation changes during the course of the US …

The objective is to measure how the values of firms are affected when experiencing shareholder
activism. According to several researchers, firms can benefit from increased monitoring. …

This paper examines changes in volatility associated with the listing of US firms' stocks on
overseas exchanges. Implied volatilities are calculated for 40 firms that had exchange-listed …