Quarterly Journal of Business and Economics articles from June 1993

Quarterly Journal of Business and Economics archives from June 1993

Systematic risk behavior of financially distressed firms.
June 22, 1993... INTRODUCTION This paper investigates the behavior of the systematic risk of financially distressed firms. Conventional wisdom suggests that the systematic risk of such companies should increase, presumably because of increases in leverage...

Further evidence on managerial motives for stock splits.
June 22, 1993... INTRODUCTION Most U.S. corporations distribute their earnings to shareholders in the form of cash dividends. They also may distribute additional shares of stock to shareholders, who pay nothing for the shares, in the form of stock dividends...

Publishing behavior of individuals and most prolific authors in the economics literature.
June 22, 1993... INTRODUCTION Various aspects of the production and distribution of the economics literature have been studied. Siegfried (1972), Niemi (1975), Davis and Papanek (1984), Hirsch et al. (1984), Blair et al. (1986), Laband (1986a, 1986b), and...

Decomposition of market model variation in the presence of misspecification.
June 22, 1993... INTRODUCTION In the finance literature, the returns on common equity have been used widely to analyze two effects. First, in an event study, a preevent data set is used to estimate the parameters of a market model. The estimated parameters...

Causality between the money supply and share prices: a VAR investigation. (vector autoregressive)
June 22, 1993... INTRODUCTION For many years the economic impact of the money supply on share prices has been debated in the economics literature. This topic has regained popularity in the wake of recent share market volatility in the United States. This...

Institutional investor support of managers: an investigation of tender offers.
June 22, 1993... INTRODUCTION One of the most powerful corporate control mechanisms is the takeover of one firm by another. Dissatisfied shareholders can dislodge or replace ineffective managers by soliciting or supporting stock tender offers. Managers are...