Leon Zolotoy will be joining the finance faculty at MBS in third term. 

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Dispersion of Beliefs, Stock Prices and the Earnings Surprise Measures-A Generalized Approach (2009)

In this paper we address the issue of modelling the relation between the stock prices...

 

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Earnings News and Market Risk: Is the Magnitude of the Post-Earnings Announcement Drift Underestimated? (2009)

The post-earnings announcement drift is the tendency of cumulative abnormal re- turns to drift in...

 

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Hiding "Bad" News on Fridays? Not Such a Good Idea! (2009)

Previous studies reported firms management to release more"bad" news on Fridays compared to the rest...

 

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It Takes Two to Tango: International Transfer of Pricing Information Between the Cross-Listed Securities (with Bertrand Melenberg) (2009)

We examine the mechanism of the pricing information transfer between Tokyo and the US stock...

 

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Modeling the Dynamics of Welfare Caseload : a New Approach (with Arie Sherman) (2009)

What are the determinants of welfare caseload fluctuations? To address this crucial policy issue most...