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Full-Text Articles in Economics
A Comparative Analysis Of The Rationality Of Consensus Forecasts Of U. S. Economic Indicators, David C. Schirm
A Comparative Analysis Of The Rationality Of Consensus Forecasts Of U. S. Economic Indicators, David C. Schirm
Economics & Finance
The purpose of this article is to investigate the rationality of two survey forecasts of selective U. S. macroeconomic performance measures that were widely followed in the financial markets during the 1990-2000 period. The research compares the rationality of survey forecast data from Money Market Services, Inc., and Thomson Financial. This article extends prior research that has evaluated the rationality of Money Market Services data for earlier time periods while also evaluating similar consensus forecast data from Thomson Financial that were widely reported in both Barron's and the Wall Street Journal during the 1990s.
Is The “Dominant Firm” Dominant? An Empirical Analysis Of At&T’S Market Power, Simran K. Kahai, David L. Kaserman, John W. Mayo
Is The “Dominant Firm” Dominant? An Empirical Analysis Of At&T’S Market Power, Simran K. Kahai, David L. Kaserman, John W. Mayo
Economics & Finance
In this article, we estimate the degree of market power held by AT&T in the interstate long-distance market in the postdivestiture period. Our approach makes use of the dominant firm/competitive fringe model to impose the structure needed both to obtain estimates of the relevant structural parameters and to translate these parameters into an estimate of AT&T's residual demand elasticity and associated Lerner index. Because of the continued presence of regulation and other considerations, however, a direct estimation of the residual demand elasticity is not feasible. Consequently, we take a more indirect approach that combines estimation of the elasticity of fringe …
Common Stock Price Effects Of Security Issues Conditioned By Current Earnings And Dividend Announcements, Timothy A. Manuel, Leroy D. Brooks, Frederick P. Schadler
Common Stock Price Effects Of Security Issues Conditioned By Current Earnings And Dividend Announcements, Timothy A. Manuel, Leroy D. Brooks, Frederick P. Schadler
Economics & Finance
The valuation effect of debt and equity issue announcements on stock price varies predictably with the timing of earnings and dividend reports. Issue announcements closely preceding current cash flow signals have more negative valuation effects. Straight debt announcements also have a significantly negative effect on stock price when the offer announcement closely precedes earnings and dividend releases. The evidence is consistent with a separating equilibrium where better performing firms signal superior value by announcing equity offers shortly after dividend announcements. Poorer performers appear to time equity offers just before dividend signals, which in turn are more likely to be negative.
Review Of Long-Wave Rhythms In Economic Development And Political Behavior, By B.J.L. Berry, John C. Soper
Review Of Long-Wave Rhythms In Economic Development And Political Behavior, By B.J.L. Berry, John C. Soper
Economics & Finance
No abstract provided.
Review Of Studies In Public Regulation, By G. Fromm, Frank J. Navratil
Review Of Studies In Public Regulation, By G. Fromm, Frank J. Navratil
Economics & Finance
No abstract provided.
Marginal Stockholders And Implied Tax Rates, Leroy D. Brooks, Charles E. Edwards
Marginal Stockholders And Implied Tax Rates, Leroy D. Brooks, Charles E. Edwards
Economics & Finance
No abstract provided.
Socioeconomic Determinants Of Migration And Level Of Aggregation, Frank J. Navratil, James J. Doyle
Socioeconomic Determinants Of Migration And Level Of Aggregation, Frank J. Navratil, James J. Doyle
Economics & Finance
No abstract provided.