Quarterly Journal of Business and Economics articles from March 2007

Quarterly Journal of Business and Economics archives from March 2007

CFO Magazine's "working capital survey": do selected firms work for shareholders?(Author abstract)
March 22, 2007... Introduction Cash flow is the lifeblood of firms, and efficient working capital management is the key to achieving healthy cash flow. Firms with weak working capital management strategies give up flexibility and potentially a competitive...

Prior debt and the cost of going public.(Author abstract)
March 22, 2007... Introduction When firms go public, they generally face indirect issuance costs that stem from various risk factors, a prime example of which is information asymmetry between issuers (i.e., sellers) and investors (i.e., buyers). The...

The Chinese stock market: an examination of the random walk model and technical trading rules.
March 22, 2007... Introduction Considerable academic research has been conducted on the effectiveness of technical analysis of the stock and futures markets. Proponents of the random walk theory (Samuelson, 1965; and Fama, 1965, 1970, 1995) believe that...

Examining split bond ratings: effect of rating scale.(Author abstract)
March 22, 2007... Introduction Investors use bond ratings to measure the riskiness of bonds, and they accordingly make their investments in a firm's securities. Firms are influenced by bond ratings, as the ratings affect the firm's access to capital and its...