Plagiarism Resource Site Windows Software Page

End of semesters often mean term papers. Here are a few source of anti-plagirism software that might make your job a tad easier.

From the University of Virginia Plagiarism Resource Site Windows Software Page

From the University of Washington

Another site that discusses many free sources for both teacher and student.

This is not to say I have had a problem lately, but it is always better

NYSE, Nasdaq mergers seen changing landscape

NYSE, Nasdaq mergers seen changing landscape - Banks - Financial - Financial Services - IPOs - M&A - Markets/Exchanges - Market News

A follow-up on last week's the announcements of the NYSE and NAsdaq.

"By Steve Gelsi, MarketWatch
Last Update: 2:30 PM ET April 28, 2005

NEW YORK (MarketWatch) -- With the financial markets business weighing the New York Stock Exchange's planned $3 billion

NPR : Post-Scandal Regulations Boost Accounting Industry

For the accountants among us :)

NPR : Post-Scandal Regulations Boost Accounting Industry: "All Things Considered, April 27, 2005 "The accounting scandals of the past few years produced a regulatory crackdown known as Sarbanes-Oxley, which has made audits much tougher and restricted who can be on a company board. Many companies hate the new rules, but they've been a boon for the accounting

Economist.com | Environmental economics

Economist.com | Environmental economicsAs Matt S. points out: "IRR and NPV pop up in the strangest of places." Actually not strange at all! Just in areas where the average non-finance person would not expect them.Short version: NPV and IRR can (and should) be used to evaluate environmental decisions as well. the problem however is that these costs and especially benefits are often difficult to

Texas Finance Festival

From Michael Jensen: "In cooperation with Baylor University, FEN announcesthe 2005 7th Annual Texas Finance Festival abstracting journal.This abstracting journal, available to all subscribers at no charge,contains abstracts of the festival papers with links to thefull text in the SSRN eLibrary.""HOW TO SUBSCRIBE You can subscribe to the 7th Annual Texas FinanceFestival abstracting journal by

Adelphia, Deloitte, and the Rigases all agree to make payments

http://www.cfo.com/article.cfm/3908471/c_3908480?f=financeprofessor.com,sbu.edu ">Deloitte Settles Adelphia Case for $50 Million - - CFO.com

Well there is some closure at least. After about 3 years, the Adelphia case may be over! In a move seen as both an attempt to stay out of Jail and to clear the way for a pending takeover, the Rigases, Adelphia itself, and the former Auditors all agreed to

What is the expected return on options? Zero? RF rate? Or something else?

FEN has a great article on some of the limitations of Black-Scholes World! It is by Ross Miller and it is definitely worth your time!!! It is both thought provoking and funny at once. A great combo!!!


Be Careful What You Model

A few quick highlights:

* "You have in your hand (or on your screen) an at-the-money call option with a year until it expires. Because you are in BSW, you know

Nasdaq finalizes acquisition of Instinet

The market consolidation continues with the Nasdaq and Instinet finalizing their widely rumored deal on the heels of the NYSE Archipelago deal.

From Reuters (the previous majority owner of Instinet):
" As a condition of the deal, Reuters will sell Instinet's electronic trading network to Nasdaq."

Latest News and Financial Information | Reuters.com

From Bloomberg:

" Chicago-based Archipelago,

NYSE to acquire Archipelago

Talk about major stories! The NYSE has announced plans to acquire the Archipelago stock market! With the NYSE losing marketshare to ECNs, it has long been speculated as to what the Big Board's response would be. It appears that this is it!From the NY Times:"The New York Stock Exchange, whose shouting traders and frenzied activity have become a global symbol of capitalism, announced yesterday

Six Degrees of Separation: Examining Back Door Links between Directors and CEO Pay - Knowledge@Wharton

Six Degrees of Separation: Examining Back Door Links between Directors and CEO Pay - Knowledge@WhartonForget 6 degrees of Kevin Bacon. Now we can play the game for real and see how CEOs and their boards are connected and how the connection impacts executive pay!Executive Compenstaion is always an interesting topic and Larker, RIchardson, Tuna, and Seary have made it more so! They look for

Yes it is a commercial, but actually quite interesting!

Not sure if you have seen this 4 page ad (in PDF format) for GE Lending or not, but it is quite interesting. It discusses capital structure for midsized firms. An area that does not get as much coverage from academics or many investment bankers.
recap_april05.pdf (application/pdf Object)

Some of the highlites for those who opt not to click through to the PDF file:

1. "As businesses grapple

Is risk increasing or decreasing?

IPO Vintage and the Rise of Idiosyncratic Risk by Jason Fink, Kristin Fink, Gustavo Grullon, James WestonWhile well documented, increased risk (and in particular increased firm specific risk) has been a puzzle for researchers for quite some time. With improve transparency and deeper markets, one could speculate that risk should be decreasing, but researchers have not been finding this. For

Do Fundamentals or Emotions Drive the Stock Market? - - CFO.com

Do Fundamentals or Emotions Drive the Stock Market? - - CFO.com


WELL DONE! Markets are not perfect, but they sure are pretty good. A few highlights:

* "We agree that behavioral finance offers some valuable insights — chief among them the idea that markets are not always right, since rational investors can't always correct for mispricing by irrational ones. But.... significant deviations from

ABC News: Nestle CEO Faces Opposition on Added Title

Bucking the trend of breaking up the CEO and Chairman positions, Nestle is trying to "reward" the CEO with the dual titles.ABC News: Nestle CEO Faces Opposition on Added Title: "The global food company says giving CEO Peter Brabeck a double mandate at the company's annual shareholder meeting Thursday is in the interest of its investors because it assures 'strategic continuity and long-term value.

BusinessWeek Online: 2005 Executive Compensation Scoreboard

The 2005 Business Week Executive Compensation "scoreboard" is now online!
BusinessWeek Online: 2005 Executive Compensation Scoreboard

In the accompanying article, Louis Lavelle writes "BusinessWeek's 55th annual Executive Pay Scoreboard found that increases were moderated in 2004 by the continued impact of corporate reform, an ongoing shareholder revolt over astronomical pay levels, and pending

Still not convinced you can teach ethics

Teaching ethics is hard and as the WSJ reports, colleges are not having an easy time of it.
CollegeJournal | MBA Track: "Three years after coming under attack for their M.B.A. graduates' involvement in the many corporate scandals, schools are still grappling with how to teach ethics more effectively."

How can you teach ethics? My best advice is to attempt to show why it really is in your best

Who will replace Greenspan?

Rueters has an interesting article on who will replace Greenspan when the time comes. Preseason favorite? Ben BernankeLatest News and Financial Information | Reuters.com

Another look at Capital Structure and Market Timing

Market Timing with respect to capital structure changes is an interesting and controversial topic that combines capital structure theory with market efficiency theory. On one side of the aisle pure market efficiency proponents maintain there is no place for market timing as the current price is always right. The other side of the discussion is held by those who believe that capital structure

Risk Free?

This is not my editorial comment, I just thought it was funny. President Bush was disparaging the safety of the IOU's held by the Social Security Trust.

The New York Times > Opinion > Editorial: Shameless Photo-Op

For the record, all bonds are just IOUs! And as for the credit worthiness of the debtor, let's hope we don't need to worry about that!It is the US!!! Maybe President Bush does

SSRN-Do Analyst Conflicts Matter? Evidence from Stock Recommendations by Anup Agrawal, Mark Chen

SSRN-Do Analyst Conflicts Matter? Evidence from Stock Recommendations by Anup Agrawal, Mark Chen

Agrawal and Chen have a really cool paper that looks at conflicts of interest with investment bankers and their affiliated brokerages. They find sure enough that the conflicts of interest do influence recommendations. However, the authors also make a pretty convincing case that these conflicts and

SSRN-Portfolio Concentration and the Performance of Individual Investors by Zoran Ivkovich, Clemens Sialm, Scott Weisbenner

SSRN-Portfolio Concentration and the Performance of Individual Investors by Zoran Ivkovich, Clemens Sialm, Scott WeisbennerIt is always nice when research confirms what we had theorized. For instance Ivkovich, Sialm, and Weisbenner show that when investors take highly undiversified positions, they on average earn higher returns than when they are diversified. However before you scrap all

What is the role of the Fed with respect to asset price bubbles?

Latest News and Financial Information | Reuters.comThere is always a debate as to the role of the Fed when it comes to asset "bubbles." For instance, the Fed was criticized by many after the internet bubble. What is the correct role? Hands off? Active interventionist?Fed Governor Edward Gramlich gave his view to a "conference hosted at Princeton University." His view? Basically hands off:"You've