Human judgment accuracy, human information processing, and deci-sion-making aids are
topics that have received considerable attention from accounting researchers (see Ashton […

… stock, and common stock. In particular, we focus upon two different types of outstanding
preferred stock. These two different types of preferred stock are (1) trust preferred stock, which is …

There are three important dimensions of liquidity: trading costs, depth, and resiliency. We
investigate the relevance of each of these three dimensions of liquidity – separately and in …

We explore how embedded options in assets and liabilities of financial institutions impact
interest rate risk, which is measured by equity value change with interest rate movements. We …

This research investigates the impact of interest rate volatility upon corporate bond yield
spreads. We first consider the impact of interest rate volatility upon noncallable bond spreads. …

This research examines whether differences in state personal income taxes affect relative
state and local government borrowing costs. The results indicate that borrowing costs are …

… , are commonly associated with an insignificant stock price reaction. Thus, we argue … stock
price effects surrounding the offer date for such bonds. Also, when we examine long-run stock …

This study extends the debate regarding segmentation influences in the market for municipal
securities. In particular, it provides empirical evidence that relative security supplies, …

Numerous studies have examined the impact of security issuance upon the value of pre-existing
debt and equity but the focus has largely been on changes in equity value. We examine …

Analyzes the impact of call features on corporate bond yields in the US Incorporation of the
measures of agency cost and signaling into the empirical analysis conducted; Influence of …