This study examines the relationship between corporate social responsibility and financial
performance by analyzing the intra‐industry wealth impact of additions and deletions to the …

This article discusses the Chicago Board of Trade's proposal to establish a market for futures
contracts (and options on futures) written on insurance business. A European call option on …

Benefits from international diversification are well documented; low correlations between
domestic and foreign securities allow for the construction of portfolios with improved return/risk …

Announcements of syndication loans increase borrowers' shareholder wealth if they are
revolving credit agreements but not if they are term loans. Share price responses to revolving …

Prior empirical studies analyzing linkages between international equity markets have suffered
because suitable real-world financial instruments representing national equity markets …

This paper examines the impact of securitization announcements on share prices of
multibank holding companies. Prior studies report share price responses are industry-specific. …

Using a simulation approach, we analyze the effect of mean reversion on the value of
capital budgeting postponement options. Two interest rate processes are compared: a pure …

The recent financial crisis presents an opportunity to examine stock market reactions to
syndicated loan decisions reached by borrowers and lenders regarding loan type and loan …

… Schwebach is an assistant professor offinance at Colorado State University. His research
interests include corporate finance, capital budgeting, risk management and investments. …

We investigate whether primary market, original‐issue risk premiums on speculative‐grade
debt are justified solely by expected defaults or whether these risk premiums also include …