Summer 2011 Volume VI, Issue II
- "Analysts' Recommendations and Stock Price Movements: Korean Market Evidence" Doug S. Choi
The primary purpose of this study is to examine the market reactions to the analysts’ recommendations on the stocks from the three major sectors of the Korean economy.The secondary purpose is to determine if the subscribers to the financial publications could reap excess profits by utilizing the recommendations of the analysts. This study employs the event-study methodology, which is the measure of how the stock prices react to the analysts recommendations. The result from the manufacturing sector shows that the stock prices do not exhibit substantial changes to the analysts’ recommendations. The result from the retail sector exhibits positive reaction to the analysts’ recommendations from and after the date subscribers received the information.On the other hand, the result from the financial sector shows that the stock prices reacted positively to the analysts’ recommendations during one week window preceding the event date.
- "Case Study Environmental Justice" Nita Clark and Dr. Albert Clark
The term “Cancer Alley” was coined by two environmentalist activist Darryl Malek-Wiley and Richard Miller in the 1980’s. Though some studies have tried to dismiss it as a myth, it is used to describe a stretch of the lower Mississippi river between Baton Rouge and New Orleans covering some 100 miles. This paper questions the impact that the more than 300 petrochemical plants have had on the poor who live along this chemical corridor and how it relates to the concept of environmental justice and community planning.