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Quarterly Journal of Business and Economics articles from January 1992
The Quarterly Journal of Business and Economics presents scholarly articles in finance, accounting, economics, management and marketing.
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Quarterly Journal of Business and Economics archives from January 1992
Valuation of the growth firm under inflation and differential personal taxation revisited. (includes appendices)
January 1, 1992... Introduction
Howe's (1988) derivation of a valuation model for a levered firm under inflation and differential personal taxation represents a useful generalization and synthesis of several papers, including Modigliani and Miller (1958,...
An analysis of transaction volume and asset pricing in a representative agent economy.
January 1, 1992... Introduction
This paper employs a parameterized version of a general equilibrium representative agent model to study the behavior of the quantity of assets traded per period. The model is one in which idiosyncratic disturbances motivate...
Test of the optimality of R&D allocation. (research and development)
January 1, 1992... Introduction
It has been noted often that firms allocate a fixed percentage of total revenue to research and development (R&D) over time.(1) Various models involving firms with market power have shown that this fixed percentage rule (or...