Managerial Finance: Volume 40 Issue 8

The dependence structure in credit risk between money and derivatives markets: A time-varying conditional copula approach

Weiou Wu, David G. McMillan

The purpose of this paper is to examine the dynamic dependence structure in credit risk between the money market and the derivatives market during 2004-2009. The authors use the…

Accounting irregularities and failure to deliver: An examination of the relationship between naked short sales and restatements

Naomi E. Boyd, Ann Marie Hibbert, Ivelina Pavlova

– The purpose of this paper is to examine the relationship between naked short selling and accounting irregularities that cause a firm to issue a restatement.

Impact of board gender diversity on firm risk

Mary Jane Lenard, Bing Yu, E. Anne York, Shengxiong Wu

The purpose of this paper is to study gender diversity on the board of directors and the relation to risk management and corporate performance as measured by the variability of…

Negative earnings surprises: when is the glass half-full?

Shreesh Deshpande, Marko Svetina

In a setting with local bias in investors’ portfolios, the purpose of this paper is to study the stockholder wealth impact of negative earnings surprises for local firms as…

Stock price movement around the merger announcements: insider trading or market anticipation?

Pawan Jain, Mark A. Sunderman

The purpose of this paper is to examine the stock price movements for existence of informed trading prior to a merger announcement for the companies listed on the emerging markets…