Previous research claims that low constant correlations among international stock indices
create substantial risk-reduction from diversification. We contend that only using constant …

We investigate whether employing individual commodity futures provides a superior
optimized risk-return strategy relative to an equity portfolio, in spite of recently increasing …

We examine the diversification benefits of using individual futures contracts instead of simply
a commodity index. We determine the ex‐ante, ex‐post, and stability results for optimal M …

Social norms of responsibility are shared beliefs on what constitutes responsible behavior,
and they play a significant role in determining CSR. This study analyzes how social norms of …

Employing a sample of stocks cross-listed and subsequently delisted from foreign markets,
we examine the consequences of delisting to investors in terms of price, risk, and liquidity. …

We consider the effect of higher moments on diversification, since most assets possess a
potential for tail losses. In particular, we examine higher‐moment Value‐at‐Risk measures for …

In this study, we examine the multiple direct foreign-listing by analyzing characteristics of
listing firms as well as hosting and home countries. Our results show that listing premium …

This paper examines whether the market rewards firms for superior green performance or
for being less brown. It finds that the market punishes brown firms and rewards them for …

We document that firms in competitive industries experience significantly more deterioration
in financial reporting quality after a reduction in analyst coverage due to brokerage closures …

Research Question/Issue We contrast the predictions of gender socialization theory and “fem‐power
washing” (deceptively positioning as a firm promoting female empowerment without …