A Normalized Citation Analysis of Real Estate Journals

This study presents an analysis of the citation patterns and rankings for journals in real estate and related areas for the period 1990–1995. Journals were ranked based on the number of times they were cited in four base journals with adjustments for journal size and longevity. The results show that Real Estate Economics is the most cited journal among real estate publications, followed closely by the Journal of Real Estate Finance and Economics and the Journal of Real Estate Research . A temporal analysis reveals a shift in citations, over the time period, away from the traditional economics and practitioner-oriented journals to the academic real estate journals.     

A Comparison of the Economic Well-Being of Farm and Nonfarm Households

This study compares the economic well-being of farm and nonfarm households using data from the Agricultural Resource Management Survey and the Survey of Consumer Finances. Comparisons are made in terms of income and wealth using parametric and nonparametric tests, regression analyses, and inequality measures. The results show that the economic well-being of households differs based on their degree of involvement in business activities and their life-cycle stages. The main conclusion is that the income of rural residence and intermediate farms is comparable to that of wage-earning nonfarm households, while commercial farms are similar in well-being to nonfarm households with businesses.     

Presidential administrations and the day-of-the-week effect in stock returns

This study examines the presence of a day-of-the-week effect over different presidential administrations. The results indicate that the day-of-the-week effect prevails during the Democratic and Republican administrations. However, the pattern of the day-of-the-week effect differs between the two presidential administrations. Specifically, the negative returns on Monday are more pronounced during the Republican than during the Democratic administrations. Therefore, explanations for the day-of-the-week effect should take into account the changing pattern of the day-of-the-week effect across presidential administrations.     

AN EMPIRICAL EXAMINATION OF THE EXISTENCE OF A SIGNALING VALUE FUNCTION FOR DIVIDENDS

The purpose of this study is to address the reliability of dividend signals. To determine if dividend signals are followed by changes in earnings in a direction consistent with the signal, the dividend-earning relationship is examined using both Granger tests of causality and nonparametric tests. Results are consistent with the hypothesis that dividend signals are followed by unanticipated changes in earnings in the subsequent two quarters.     

Proposal and validation of a financial protection perception scale

This article proposes and validates a financial protection perception scale (FPPS) from the perspective of the financial services consumer. The scale was applied to a sample of 1137 individuals residing in Brazil and validated using exploratory and confirmatory factor analysis and standard multivariate validation methods. The FPPS, composed of 14 items, allows the development of an indicator that defines the level of protection perceived by the consumer of financial services, evaluated along the dimensions of transparency, suitability, security, and complaints. The tests and fit indices indicated the reliability and validity of the FPPS. With this scale, researchers, managers, and policymakers can assess the extent to which consumers feel protected when using financial services.