Recently added articles from Financial Services Review:

From the Editor

Apr 01, 2007; Ciccotello, Conrad ... Volume 16 marks the beginning of my sixth (and final) year as editor of Financial Services Review. I am grateful for the continued support of the Academy of Financial Services Board of Directors. Beginning with Volume 17, Stuart Michelson of Stetson University will become editor. My goal is to ...

Implications of principal, risk, and returns sharing across savings vehicles

Apr 01, 2007; Reichenstein, William ... Abstract This study illustrates that the choice of savings vehicles [e.g., taxable account, Roth IRA, or tax-deferred accounts such as a 401(k)] affects the portions of principal effectively owned by, returns received by, and risk borne by individual investors. This study examines the ...

The effect of credits on optimal tax-deferral strategies

Apr 01, 2007; Jalbert, Terrance; Clayton, Justin; Rask, Eric ... Abstract This paper examines how the Saver's Tax Credit changes optimal tax-deferral choices of individuals. We identify optimal tax-deferral strategies in the presence of tax-deferral credits and changing tax regimes. We also develop equations for the rate of return at which investors ...

Style drift, fund flow and fund performance: new cross-sectional evidence

Apr 01, 2007; Holmes, Kathryn A; Faff, Robert W ... Abstract The linkages between style change, fund flows, fund size, and resulting fund performance are complex and not clearly understood. In this paper, we investigate these relationships using a sample of Australian multisector trusts over the sample period 1990 to 1999. We employ a ...

Debit card usage: an examination of its impact on household debt

Apr 01, 2007; Lee, Jinkook; Abdul-Rahman, Fahzy; Kim, Hyungsoo ... Abstract This paper investigates debit card usage and its impact on household debts, using the 2004 Survey of Consumer Finances. By conducting simultaneous equation modeling, we examine how debit card users are different from non-users, and whether debit card usage influences household ...

Employee saving and investment decisions in defined contribution pension plans: survey evidence from the U.K.

Apr 01, 2007; Byrne, Alistair ... Abstract This paper uses data from a survey of the members of a U.K. defined contribution pension plan to explore the attitudes and knowledge of employees faced with pension saving and investment decisions. The results are consistent with behavioral economics in that many employees show ...