Quarterly Journal of Business and Economics articles from January 1991

Quarterly Journal of Business and Economics archives from January 1991

Bond ratings and new issue municipal bond pricing: path analysis results.
January 1, 1991... Bond Ratings and New Issue Municipal Bond Pricing: Path Analysis Results Abstract Although research on municipal debt pricing has included both the bond rating and economic information as exogenous variables, other ...

Combined leverage and stock risk.
January 1, 1991... Combined Leverage and Stock Risk Abstract A firm's degree of total leverage commonly is considered to be the product of degrees of operating and financial leverage. Mandelker and Rhee's empirical evidence supports such a...

Agency-theory implications for the insurance industry: a review of the theoretical and empirical research.
January 1, 1991... Agency-Theory Implications for the Insurance Industry: A Review of the Theoretical and Empirical Research Abstract This paper explores the resolution of incentive conflicts in the insurance industry from an agency-theoretic...

Dividend change announcements and structural change.
January 1, 1991... Dividend Change Announcements and Structural Change Abstract The primary contention of the dividend signaling hypothesis is that firms that unexpectedly alter their dividend payments provide the market with a signal of...

Valuation implications of AMEX listings: a joint test of the liquidity-signaling hypothesis. (American Stock Exchange Index)
January 1, 1991... Valuation Implications of AMEX Listings: A Joint Test of the Liquidity-Signaling Hypothesis Abstract This study examines the pattern of stock price behavior for a sample of 62 common stocks that moved from the NASDAQ system to...

Bond rating discrepancies and the effect on municipal bond yields.
January 1, 1991... Bond Rating Discrepancies and the Effect on Municipal Bond Yields Abstract This paper examines municipal bond rating discrepancies and their impact on interest yield premia. The results indicate that there is no systematic...