A longstanding concern for municipal bond investors is the lack of timely financial statement
disclosures. Municipalities are held to lower disclosure standards than corporations. Using …

While the recent decade of changing mortgage origination is well documented, loan pools
assembled by MBS issuers have yet to be examined. To address this void in the literature, we …

Student-managed investment portfo-lios (SMIPs) are now well established learning tools in
business programs all over. This is due to a variety of factors including important behavioral …

This article analyzes an extensive sample of tax-exempt and taxable municipal bonds to
better understand how municipals behave without federal tax exemption. The authors find that …

Private equity financing is a primary source of funding for new ventures. However, forfeiting
ownership and control may deter entrepreneurs. The authors show how recapitalizations are …

As the biblical definition of usury changed and cultural norms associated with incurring
personal debt evolved, more financial options developed to meet increased demand. American …

We analyze earnings credit rates (ECRs) within the US banking system from 2002 until 2021.
ECRs are a form of non-monetary interest used to offset commercial account fees and have …

In 2008, trading restrictions prohibited short selling in nearly 800 US financial stocks with a
market value of $1.5 trillion. These measures were quickly adopted abroad and were still …

The financial crisis of 2007-2011 resulted in unprecedented regulatory response. This
dissertation analyzes three issues: the 2008 short sale ban; spillover effects of the ban to the …

A contentious debate is emerging over the regulatory response to the financial crisis. This
paper takes advantage of a rare opportunity to empirically test sweeping short sale constraints. …