We examine 5,603 property transactions in Jefferson County, Alabama that take place between
2004 and 2008. Using OLS regressions, we estimate the extent to which differences in …

The certifying and monitoring role of auditors is valuable to clients. By examining the impact
of Arthur Andersen's worsening reputation on its clients, we find a 200 basis point more …

We examine the real estate owned (REO) discount by using ZIP codelevel data on
foreclosure rates, distressed and non-distressed sales in Chicago, Illinois. We find significant …

The neighborhood impact of subprime lending, predatory lending and foreclosure has been
estimated at two to ten percent of home value. Further, as some neighborhoods see a …

This study assesses information literacy in undergraduate finance students through the
administration of surveys at the beginning and end of an introductory course. It describes how …

I use two datasets to test the relation between trading volume, the heterogeneity of beliefs
and the heterogeneity of belief revisions. The first dataset allows me to construct two groups …

We test a model to estimate the equity risk premium based on a stock valuation model
suggested by former Federal Reserve Chairman, Alan Greenspan. The model suggests that the …