All papers submitted to the conference are reviewed by three or more peers. Each manuscript, receiving an average score of four or higher, is subjected to a second round of reviews to determine if it qualifies for a Best Paper Award.
Identifying Missing Information of the Conventional Corporate Governance Index
Steve Fan
Equity Anomalies Around the World
Steve Fan
Identifying the missing information of the conventional corporate governance index - an international study
Steve Fan
More is not always better - new evidence in assessing firm-level corporate governance across countries
Steve Fan
Trade-off effects between firm-level governance mechanisms across legal regimes
When Do TIPS Prices Adjust to Inflation Information?
Quentin Chu, Debbie Pittman
Governance Mechanisms and Legal Regimes
When Do TIPS Prices Adjust to Inflation Information
Quentin Chu, Debbie Pittman
Maturing TIPS Prices and Inflation Information
Quentin Chu and Deborah Pittman
The adjustment of Treasury Inflation-Protected Securities (TIPS) prices to the monthly update of the Consumer Price Index (CPI) was investigated using three matured TIPS with maturities occurring in July 2002, January 2007, and January 2008. Once we cont...
Explore the Interaction among Corporate Governance Mechanisms
Various corporate governance mechanisms have been studied extensively. However, the interaction effects among these mechanisms do not consent in the literature. At the firm level, some studies suggest a substitute relationship between internal and externa...
Exploring the Mathematical Side of Finance: Traditional vs. Online
Lois Smith
Advances in technology and communication networks influence the way education is done. The traditional classroom setting is no longer the only means students obtain knowledge. There’s a major movement in education recently to deliver materials through the...
Liquidity and Firm Performance around Credit Market Crisis
The recent subprime mortgage financial crisis began in 2006 has a huge effect on the overall financial market, not only the US financial market but also financial markets worldwide. We observe problems from banks, investment houses, hedge funds, mutual fu...
Inflation Breakeven Rate
Inflation breakeven rate refers to the difference between the nominal yield on a conventional bond and the real yield on an inflation-indexed bond of the same maturity. It has been used extensively as a tool to obtain the expected inflation. Since the int...
Information Risk in the TIPS Market: How Information Flows between US Treasury Securities and TIPS
Q. Chu, D. Pittman
This study investigates the flow of information between two closely-linked riskless interest rates traded in separate segments of the Treasury market: the nominal interest rate observed in the Treasury bond market and the real interest rate observed in th...
Assets in Place, Growth Opportunities and IPO Returns
K. Chung and M. Li
We consider a simple model in which the offer price is equal to the present value of assets in place and risky growth opportunities. Our model predicts that initial return is positively related to both the size and risk of growth opportunities. Consistent...
Bond Rating Changes: A Market Microstructure Analysis
Asjeet Lamba
We examine for the presence of asymmetric information in stock price movements around bond rating changes. The main research questions addressed in this study are: (a) whether there is a higher level of information asymmetry in the market for firms underg...
AT&T Wireless & Cingular: Will two good companies become one great company?
Berardino L. and Krishnamurti V.
Expected Inflation: A Comparison between Survey Results and Nominal-Real Yield Differences
From Mickey Mouse to Lion King: Disney Shareholders Roar
Christine Kline
Information Asymmetry and Corporate Bankruptcy - A Market Microstructure Perspective
Zhou D.
Self-Underwritten IPOs: A Microstructure Analysis
Hegde S., Varshney, S.B., and Zhou D.
This study investigates a new distribution and pricing mechanism for firms that decide to take themselves public through an initial public offering (IPO). These firms self-underwrite their IPOs. The traditional method of offering new securities is through...
Information Content of the Nominal-Real Yield Spread