Purpose – The purpose of this paper is to investigate the effect of operating leverage, and
the subsequent abandonment option available to managers, on the relationship between …

Conventional approaches to improving the representation of women on the boards of major
companies typically focus on increasing the number of women appointed to these positions. …

Purpose – The purpose of this paper is to investigate how several key risk factors, including
capital-to-asset ratio (CAR), franchise value and lobbying, affect various measures of risk in …

Purpose Throughout the 21st century, US households have experienced unprecedented
levels of leverage. This dynamic has been exacerbated by income shortfalls during the COVID-…

This article studies an actively managed bond strategy based on time series momentum in
sovereign bond markets. The author assesses the performance of an active strategy and …

This research investigates the effect of sentiment on the time‐series and cross‐section of
mean, variance and correlation of asset returns to examine how investor sentiment creates …

Bank regulators have worked to develop statistical models predicting bank failures, but such
models cannot be estimated during periods of few failures. We address this problem using …

Evidence from many developed markets suggests that fundamental indices outperform
capitalisation-weighted indices. Existing studies suspect a story of market mispricing, yet a …

The field of financial optimization combines financial valuation approaches and economic
optimization models. Most applications are characterized by dynamic settings where decisions …

This paper reports on the effects of a freestanding ethics course in a university finance
curriculum on the moral development of students. While a number of studies have examined the …