Quarterly Journal of Business and Economics articles from June 1998

Quarterly Journal of Business and Economics archives from June 1998

Firm size, common stock offerings, and announcement period returns.
June 22, 1998... Introduction Prior event period research shows that common stock offerings for small OTC firms have a more negative mean announcement period stock return than do large OTC firms. Most event studies, however, involve samples that include...

An investigation of investor reaction to the information content of a going concern audit report while controlling for concurrent financial statement disclosures.
June 22, 1998... Introduction Prior research on the information content of going concern audit reports (GCAR) has not controlled for the concurrent release of information embodied in the accompanying financial statements. Market reaction to this...

A test of the proxy-effect hypothesis: evidence from the Pacific Basin countries.
June 22, 1998... Introduction Many researchers have documented the negative relationship between stock returns and expected, unexpected, and changes in the inflation rate during the post-Korean War period. Bodie (1976), Nelson (1976), and Fama and Schwert...

The long-term effect of antitakeover legislation on shareholder wealth and firm performance: further evidence from Pennsylvania Senate Bill 1310.
June 22, 1998... Introduction In 1990 Pennsylvania enacted Senate Bill 1310 (SB 1310), which to date is the strictest piece of legislation designed to restrict corporate hostile takeover activity.(1) The bill contains five major provisions that insulate...