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Full-Text Articles in Business
An Employment-Weighted Municipal Stock Index, Chris Brune, James Files, Phil Rice
An Employment-Weighted Municipal Stock Index, Chris Brune, James Files, Phil Rice
Articles
State and local officials are often tasked with policy decisions that are influenced by projections of future economic conditions. However, properly assessing and predicting local economic performance is challenging. Common macroeconomic indicators can be helpful, but additional tools are needed. Stock indices have traditionally been used in the investment community to evaluate performance. While a recent surge in fundamental indexing has led to a debate over performance measurement, other uses of fundamental indices have been largely ignored. We introduce an employment-weighted stock index as a supplement to traditional forecasting measures for policymakers at the state and local levels
Accounting In Fiction, S. Ray Granade
Accounting In Fiction, S. Ray Granade
Articles
A bibliography of fiction in which accountants are characters, or in which accountancy plays a part in the plot.
The Effects Of Bank Capital Constraints On Post-Acquisition Performance, Chris Brune, Kevin Lee, Scott Miller
The Effects Of Bank Capital Constraints On Post-Acquisition Performance, Chris Brune, Kevin Lee, Scott Miller
Articles
Researchers have shown that capital constrained firms make better acquisition decisions. However, the literature on bank mergers and acquisitions is silent on this issue. We investigate whether banks constrained by capital requirements make better acquisition decisions than non-constrained banks. We also examine the characteristics of acquisitions to identify the determinants of positive post-acquisition performance. While there are few capital constrained banks that make acquisitions, those that do demonstrate better post-acquisition performance than their nonconstrained counterparts. On average, capital constrained banks pay a lower premium for their target and favor cash over equity financing. We also find that capital constrained banks …