“...U.S. stocks are more volatile than stocks of similar foreign firms. A firm's stock return volatility can be higher for reasons that contribute positively (good...”

“...U.S. sponsors of defined-benefit pension plans integrate their pension plans into their overall financial management. Plan contributions are smaller and...”

“...This paper presents results from an in-depth analysis of the foreign exchange rate exposure of a large nonfinancial firm based on proprietary internal data...”

“...This paper provides a broad analysis of the effect of the current financial crisis on global equity markets and their major components. We also examine the...”

“...We derive a foreign ownership return as the weighted average return of foreign stocks that are connected to a stock through common ownership. The foreign...”

“...A time-varying copula model is used to investigate the impact of the introduction of the Euro on the dependence between 17 European stock markets during the...”

“...Defined benefit pension and health care plans are important for firm leverage around the world. While consolidating off-balance sheet post-retirement plans...”

“...Although theory suggests that corporate hedging can increase shareholder value in the presence of capital market imperfections, empirical studies show overall...”

“...This paper develops three distinct methods to quantify the risk of a systemic failure in the global banking system. We examine a sample of 334 banks...”

“...Using point-in-time accounting data, we estimate monthly fair values of 25,000+ stocks from 36 countries. A trading strategy based on deviations from fair...”