There is an ongoing debate regarding the hiring and compensation of younger versus older
employees. In this paper, we examine this question for Chief Executive Officers (CEOs) in …

This study examines the existence of a stock market wealth effect on aggregate private
consumption in the economy. A theory of investor/consumer behavior is suggested, in a context of …

The model demonstrates that an investor can offer different contracts to a risk neutral manager,
thereby inducing him to behave as a risk lover or a risk averser. The investor's expected …

This paper offers a theory of investor/consumer behavior in the context of an adaptive
relationship. It shows how consumer spending and stock market gains and losses interact in a "…

… Accordingly, Bulmash reports that mutuals would tend to expense more and be less
profitable and less risky than stock SLAs, in the medium and large size categories. Indeed, also …

… While this study here is not dealing with the symbiotic interaction that Bulmash (2001,
2002) has suggested, it is however consistent with the notion that there is a strong interaction …

… This model was developed by Samuel Bulmash and is presented in this appendix rather
than in the main text since it provides a theoretical background and motivation for this paper but …

This study is aimed at filling a gap in existing literature by providing a theoretical framework
which can explain the behavior of both mutual and stock Savings and Loan Associations. …

The results of this paper add significant contributions to the earlier findings that investigated
various incentives to CEO’s, contingent on future returns. This paper chooses a long time …