Quarterly Journal of Business and Economics articles from March 1993

Quarterly Journal of Business and Economics archives from March 1993

Banking markets and interstate entry in the Southeastern United States.
March 22, 1993... Introduction The issue of the competitive consequences of multibank holding company entry into intrastate banking markets has received much interest in the literature (Boczar, 1977; Schweitzer and Green, 1979; Rose and Savage, 1983; Duncan,...

The role of information in stock split announcement effects.
March 22, 1993... Introduction Many researchers have referred (and still refer) to stock splits as financial puzzles. The paradoxical nature of stock splits probably stems from two widely held, but diametric, views: * Stock splits are merely costly paper...

An examination of stock price reactions to discount rate changes under alternative monetary policy regimes.
March 22, 1993... Introduction Financial markets long have considered Federal Reserve monetary policy to have an influence on security prices. Hence, Fed announcements attract considerable attention from market participants. The Fed discount rate often is...

Effects of the Chernobyl nuclear accident on utility share prices.
March 22, 1993... Introduction Chernobyl was the largest nuclear accident ever. It caused at least 35 deaths, injuries to at least 1,000, and the forced evacuation of thousands of persons. The accident led, predictably, to a global renewal of protest against...

A reexamination of the investment performance of junk bonds.
March 22, 1993... Introduction The roller coaster ride of the junk bond market over the past several years has stimulated continued interest and research focusing upon the investment quality of junk bonds and the overall efficiency of the bond market. Earlier...