... are highlighted and discussed. The paper thus extends shareholder activism studies from focusing on open shareholder activists to investigating passive institutional shareholders. Table II shows the distribution of shareholder proposals in Canada by filer identity. A few features catch our attention. First...

...James Philpot; Kenneth Washer; Srinivas Nippani; John Wingender Purpose The purpose of this paper is to examine the day‐of‐the‐week effect for three primary money market instruments in Canada. The sample period is 1980‐2009. Design/methodology/approach The authors use three approaches. First...

... effect exists in the Canadian markets, this could add to evidence that already exists about the close relationship between the US and Canadian stock markets. Studies have showed that there is significant linkages in trade between USA and Canada (Gu and Sawchuk, 2001), money markets (Gasparro and Pagano...

... abnormal return for the combined bidder and target. Malloy (2005) finds that analysts that are closer to the companies they analyze tend to produce more accurate forecasts. This effect is found to be particularly strong for smaller and more remote areas. Corporate finances Canada Acquisitions...

... is primarily the result of conversions from traditional limited liability to trust legal structures. A business income trust example of the latter is GMP Capital Corporation, Canada's second‐largest independent brokerage firm, whose 18 August, 2005 announcement after the market close dealt with plans...

... Dividends Canada Why do corporations pay dividends? Despite decades of study, we have yet to understand completely the factors that influence dividend policy and the manner in which these factors interact. A quarter of a century ago, Black (1976) wrote that “… the harder we look at the dividend...

... these hypotheses have been discussed in other papers (see, for example, Grullon and Ikenberry, 2000 ; Dittmar, 2000). The testable implications are summarized in Table I . (1) Canada has a long history of open market repurchase activity; (2) the institutional framework governing Canadian...

... stocks, suggesting that the marginal investors in these stocks are American. Introduction In this study, the ex-dividend day behavior of interlisted stocks is compared to the exdividend day behavior of stocks that are exclusively listed in the U.S. or in Canada.1 The already high degree of integration...

... risk aversion are positively related to PERs, but that growth rate has a more variable influence. Summarizes the findings and their implications for PER forecasters. © MCB UP Limited 2002 Accounting research Price Earnings ratio Interest rates Canada Managerial Finance 48 Analysis...

...S.P. Bandyopadhyay; A.S. Hilton; G.D. Richardson Explains that Canada is currently deciding whether to harmonize with US or international accounting standards and whether to allow Canadian SEC registrants to file their financial statements using US standards, outlines previous research...

... it with previous studies. Shows the differences between respondents using/not using derivatives, the proportions of different types of treasury organization, the importance attached to treasury benchmarking and the integration of risk management policy with strategic plans. Finds that Canada uses derivatives more...

...Faramarz Damanpour Outlines the underlying rationale for the North American Free Trade Agreement (NAFTA) between Canada, Mexico and the USA; and evaluates its impact from 1987 to 2000. Examines statistics on trade between the three countries and discusses changes in trade patterns and growth rates...

...Keshab Shrestha; Sheng‐Syan Chen Outlines the Fisher hypothesis, cites previous relevant research and develops mathematical models for long‐run and short‐run Fisher relationships. Applies them to the UK, USA, Canada and Japan, using 1978‐1997 monthly data and Eurocurrency interest rates to explore...

...Roger W. Clark; George C. Philippatos Surveys the development of employee stock ownership plans (ESOPs) in the USA, Canada, Japan and the EU. Suggests that ESOPs are driven by management in the USA but are culturally approved by both sides of industry in Japan. Describes the European system...