For the last 30 years, especially during elections, investors have speculated about the apparent link between stock market behavior and the U.S. presidential election cycle. To the observer, returns seem to be higher during the second half of a president's term than the first. Is it true, or has this phenomenon been merely an intriguing coincidence? A W. P. Carey School of Business finance professor analyzed market behavior going back to 1803 and confirmed that the pattern is real. The reasons why are not so clear.

From business schools to baseball batters, we use rankings to determine who's the best. Investors, too, look to rankings to assess the performance of financial professionals. The market has responded by providing several indices to gauge the success of funds, but investors need to look closely before deciding which ranking to use when making decisions. The indices can be misleading if you don't know what they are measuring.

Legislative pressure is requiring corporate America to set its financial house in order, creating an uptick in demand for accounting professionals. Business schools respond by retooling accountancy programs for the post-Enron era.

Research team discovers an unintended benefit of the 2002 Sarbanes-Oxley Act: Aside from tightening controls on corporate misbehavior, the law creates better board governance which, in turn, improves a corporation's credibility with the market.