Executive stock option plans have asymmetric payoffs that could induce managers to take
on more risk. Evidence from traded call options and stock return data supports this notion. …

… This updated edition brings back the distinguished team of Richard DeFusco, Dennis
McLeavey, Jerald Pinto, and David Runkle, who provide all the statistical tools and latest …

In this paper we use cointegration tests to examine the long‐run diversification potential of
13 emerging capital markets. The Johansen [18] and Johansen and Juselius [19] …

… negatively to changes in executive stock option plans (DeFusco, Johnson, and Zorn [6]). …
price variance following the change in option plans (see DeFusco, Johnson, and Zorn [6]). We …

In this paper, we study the pricing deviations of the three most liquid Exchange Traded Funds
from the price of the underlying index. We examine Spider, Diamonds, and Cubes and find …

… The computer programs used to generate the results presented in this paper are available
from Richard DeFusco, Department of Finance, University of Nebraska, Lincoln, NE 68588. …

Many explanations have been offered for the negative Monday effect. An obvious conjecture
is that the negative return might be due to firms timing the release of information after the …

There is much evidence that stock returns are skewed. Tests of skewness persistence to date
are indirect and neglect the sampling error of skewness. The persistence of skewness in …

The extent to which portfolio returns depend on the degree of convergence of interest between
managers and shareholders is examined using managerial holdings as a proxy for the …

Previous research shows, using data from three quarters after the implementation of regulation
fair disclosure (Reg FD), that there is an improvement in the informational efficiency of …