Korea has one of the largest stock markets in the world and is in the process of being
opened to foreign investors. In an investigation of the relations between stock returns and …

We investigated whether an exploitable value premium existed for stocks in the Russell 2000
Index, the commonly used US small-cap benchmark, in the 1979–97 period. For portfolios …

This study examines relations between stock returns and potential explanatory factors in
Korea, an important and segmented emerging market. Our results show that Korean stock …

Studies of Korean rights issues find large positive abnormal returns for several months
around rights issue announcements, in contrast to the negative abnormal returns generally …

We determined whether there is a significant value premium for a broad cross-section of
tradable US stocks, examined the relative efficiency of individual value measures, and …

We compare ninety-nine 1985 IPO firms with a matched sample of “seasoned” firms. The IPO
firms were more efficient and profitable, yet exhibited declining market-to-book-equity ratios …

There is evidence of excess returns around stock dividend ex-days in the US Since the ex-date
is known in advance, excess returns around this day imply a pricing anomaly. Some …

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IN A RECENT ARTICLE, Hansen and Pinkerton (HP) advance the" Comparative Cost
Hypothesis" as a resolution to the equity financing paradox [1]. Their basic hypothesis is that the …

This paper tests the prediction of the tax‐option hypothesis that the market impact of stock
splits would be reduced by the 1986 Tax Reform Act which eliminated the difference between …