Managerial Finance


Accounting and Finance

Table Of Contents: Volume 21 Issue 6

Art as an Investment: A Portfolio Allocation Analysis

Michael Tucker, Walter Hlawischka, Jeff Pierne

The role of art in a portfolio of investments is examined using Sotheby's art index as & proxy for returns on art investments. Historical data for portfolios of artwork…

The Cointegration of Auction Price Series

William M. Taylor

It is found that one unit root, common trend is shared by the quarterly auction price series of five frequently auctioned types of stamps. The common trends analysis…

Corporate Acquisitions of Fine Art: Measuring the Underlying Motivations

Mark S. LeClair, Kathy Doornbosch

Corporate involvement in the acquisition and display of fine art has expanded from a relatively unknown practice undertaken by a few businesses, to a common activity…

The Informational Efficiency of the Art Market

William N. Goetzmann

Two measures of informational efficiency are applied to the market for paintings. The first is a measure of market efficiency as captured by serial dependency in returns…

An Introduction to the Collectible Sportscard Market

Thomas J. O'Brien, Lawrence J. Gramling, Mauricio Rodriguez

The primary and secondary market activity in collectible sportscards has evolved into that of a primitive, but organised financial market. This report reviews some aspects…



Online date, start – end:


Copyright Holder:

Emerald Publishing Limited

Open access:



  • Professor Don Johnson