Directory UMM :Data Elmu:jurnal:E:Economics of Education Review:Vol18.Issue4.Oct1999:
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The layout of the paper is as follows. Section 2 overviews earnings man- agement research designs and provides descriptive evidence on their use in the recent literature. Section
I use a dynamic model with an optimizing representative agent to explore the role that transaction costs might play in engendering a relationship between real stock returns and
VOL (stock return volatility measure) is the absolute value of the return conditional on its 14 lags and weekday dummies; NT (Number of Trades) is the number of NYSE transactions
(1) and (2) show that, given the expected rate of excess return on the benchmark asset, a rise in the expected real rate of excess return on the asset relative to the risk-
The performance of the trusts is evaluated relative to two benchmark portfolios (S&P 500 and three index model [3-Factor]) using the unconditional Jensen (1968) measure and
More importantly, abnormal returns are significantly positive for firms that are below the median market value of our sample, suggesting that small firms, which have less access
If we consider a profit sharing agreement instead of the fixed fee contract, a technology transfer deal can always be profitable irrespective of the initial technologi- cal gap even
A multi-stage shrimp grow-out system has more than one production stage wherein the shrimp stocking density changes as the shrimp grow in size and are moved from one production stage
