By: James Michael Harrington

Published: January 16, 2025

The perpetual debate regarding the rationality of stock markets remains a captivating and ongoing topic of inquiry. Existing literature broadly approaches this issue through two distinct frameworks: the classical and the behavioral perspectives. In the classical view, market efficiency prevails, where stock prices faithfully reflect changes in anticipated future cash...

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By: Alexander James McAllister

Published: January 16, 2025

This study investigates the impact of trade credit on the effectiveness of monetary policy transmission, addressing the empirical observation that trade credit tends to mitigate the effects of central bank actions. To elucidate this phenomenon, we develop a partial equilibrium model that incorporates third-degree price discrimination and menu costs. Our...

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By: Sophia Marie Bennett

Published: January 15, 2025

Recruiting and retaining qualified certified public accountants (CPAs) is essential for organizations' fiscal management and success. The accounting profession is expected to grow significantly, increasing the pressure on businesses to hire CPAs whose work styles align with the evolving demands of the field. Traditionally, personality inventories have been used to...

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By: David Alexander Mitchell

Published: January 15, 2025

Companies face significant stock price drops, typically ranging from two to three percent, upon announcing seasoned equity offerings (SEOs), as evidenced in various studies (Asquith & Mullins, 1986; Masulis, 1986; Smith, 1986; Jung, Kim, & Stulz, 1996). Smith (1986) further reveals that the market's reaction to equity issuance on the...

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