Quarterly Journal of Business and Economics articles from September 1992

Quarterly Journal of Business and Economics archives from September 1992

The effect of nonbank diversification on bank holding company risk.
September 22, 1992... Over the past decade bank holding companies (BHCs) increasingly have resorted to activity diversification in order to offset declining bank subsidiary profits. They have expanded, inter alia, into such areas as discount brokerage and equipment...

On the robustness of goodness-of-fit criteria for factor identification: simulation and some Korean evidence.
September 22, 1992... Introduction A recent issue in empirical tests of the arbitrage pricing theory developed by Ross (1976) is factor identification. Roll and Ross (1980), Dhrymes, Friend, and Gultekin (1984), Cho and Taylor (1987), and Gultekin and Gultekin...

Economic cycles and the monthly effect in the OTC market. (over-the-counter)
September 22, 1992... Introduction Ariel (1987) and Linn and Lockwood (1988) find that stocks traded in the organized exchanges exhibit a monthly effect. The first halves of trading months produce returns that significantly exceed zero, according to these studies,...

Trade credit as a Markovian decision process with an infinite planning horizon.
September 22, 1992... Introduction The extensive use of trade credit to support corporate sales places a burden of almost continuous decision making on credit analysts charged with treading a fine line between losing sales and exposing the firm to excessive risk of...

The disappearing size effect: evidence from dual class shares.
September 22, 1992... Introduction Practitioners, academics, and individual investors continually search for methods to increase portfolio returns without an offsetting increase in risk. One of the methods currently under scrutiny is the so-called small firm effect...