This note, which analyzes the central role of women’s health in the debate over the limits of abortion rights, explores the implications of the Supreme Court’s decision in Stenberg v. Carhart to invalidate a Nebraska statute banning partial birth abortion. Specifically, this note questions whether the Court’s decision in Stenberg effectively requires that all future statutes banning partial bir...

Selecting skilled mutual funds through the multiple testing framework has received increasing attention from finance researchers and statisticians. The intercept $\alpha$ of Carhart four-factor model is commonly used to measure true performance funds, positive $\alpha$'s are considered as skilled. We observe that standardized OLS estimates across possess strong dependence nonnormality structure...

The quest for parsimonious models has been a key objective in asset pricing. However, there appears to be no consensus on the most successful pricing strategy literature, especially South African Market. Using financial statements from January 2000 December 2015, this article explores how market anomalies affect performance of securities Johannesburg Stock Exchange’s (JSE’s) resources, industri...

We consider the execution of portfolio transactions with the aim of minimizing a combination of volatility risk and transaction costs arising from permanent and temporary market impact. For a simple linear cost model, we explicitly construct the efficient frontier in the space of time-dependent liquidation strategies, which have minimum expected cost for a given level of uncertainty. We may the...

We examine the evidence from the long-run abnormal returns using data for 76 health care and biopharmaceutical initial public offerings (IPOs) listed in a 29-year period between 1986 and 2014 in the Association of Southeast Asian Nations (ASEAN) countries such as Indonesia, Malaysia, Singapore, Thailand, the Philippines, Vietnam, Myanmar, and Laos. Based on the event-time approach, the 3-year s...