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Articles 1 - 11 of 11

Full-Text Articles in Business

The Significance Of Price-Earnings Ratios On Portfolio Returns, John W. Peavy, Iii, David A. Goodman Jan 1981

The Significance Of Price-Earnings Ratios On Portfolio Returns, John W. Peavy, Iii, David A. Goodman

Historical Working Papers

This study evaluates the PE ratio as a means of predicting portfolio returns. Results indicate that the PE ratio is a good factor in predicting return and that the CAPM measure may be inadequate.


Modeling Earnings Behavior, Michael F. Van Breda Jan 1981

Modeling Earnings Behavior, Michael F. Van Breda

Historical Working Papers

The differences between the economic rate of return measure and the accounting rate of return measure are explored. The economic rate is based on expectation where the accounting rate is based on actual events. The accounting system filters return data by averaging and other processes to create a slow rate of reversion.


Solution Strategies And Algorithm Behavior In Large-Scale Network Codes, Richard S. Barr Jan 1981

Solution Strategies And Algorithm Behavior In Large-Scale Network Codes, Richard S. Barr

Historical Working Papers

No abstract provided.


The Dimensions Of Self-Management, David Goodman, Leland M. Wooton Jan 1981

The Dimensions Of Self-Management, David Goodman, Leland M. Wooton

Historical Working Papers

The concepts that differentiate self-management from authority-based management are explored. A survey, used to assess how executives view self- management, demonstrates relatively strong support for the notion. An overall analysis suggests that in the post WWII era, democracy in the work place and self-fulfillment elements in work design are gradually displacing classic American management and are now allied with the American value of individualism.


Price-Earnings Relatives - A New Twist To The Low-Multiple Strategy, John W. Peavy, Iii, David A. Goodman Jan 1981

Price-Earnings Relatives - A New Twist To The Low-Multiple Strategy, John W. Peavy, Iii, David A. Goodman

Historical Working Papers

Authors support the notion that companies with low price-earning ratios make excellent investments with above normal returns balanced by lower than normal risk.


Merchandising Decisions: A New View Of Planning And Measuring Performance, Michael Levy, Charles Ingene Jan 1981

Merchandising Decisions: A New View Of Planning And Measuring Performance, Michael Levy, Charles Ingene

Historical Working Papers

Expanding the scope of factors considered in evaluating return on investment can assist front line managers in making realistic decisions about inventory. Several factors that directly account for profitability and are within the purview of front line managers are discussed and means of optimizing their relationships are discussed.


Job Redesign: Improving The Quality Of Working Life, John W. Slocum, Jr. Jan 1981

Job Redesign: Improving The Quality Of Working Life, John W. Slocum, Jr.

Historical Working Papers

Whenever a job is changed, a manager has a chance to increase both the quality of the employees• work I ife and their on-the-job productivity. This manuscript briefly reviews the salient concepts in the .iob redesign I iterature and permits the reader to undertake a job redesign program . Actua l company data are provided that indicate the effectiveness of the company's strategy .


The Price-Earnings Relative As An Indicator Of Investment Returns, John W. Peavy, Iii, David A. Goodman Jan 1981

The Price-Earnings Relative As An Indicator Of Investment Returns, John W. Peavy, Iii, David A. Goodman

Historical Working Papers

The use of the price-earnings relative indicator (PER) is examined to assess its utility in evaluating stock returns for similarly performing firms. The measure does seem to be a valid predictor of investment returns and eliminate bias between firms within the same industry.


Sequential Information Dissemination And Relative Market Efficiency, Christopher B. Barry, Robert H. Jennings Jan 1981

Sequential Information Dissemination And Relative Market Efficiency, Christopher B. Barry, Robert H. Jennings

Historical Working Papers

Research in the area of capital market efficiency with respect to information generally considers only the two conclusions that the market is efficient or it is.not efficient; information is either instantaneously reflected in prices or it is not. We investigate a market structure in which individual traders may require differential time lags to respond to new information, either because of time lags in acquiring the information or because of differences in ability to process received information quickly. In the context of this market, we argue that the dichotomous view of efficiency versus inefficiency is not useful; rather it is meaningful …


Strategic Management For Wholesalers: An Environmental Management Perspective, William L. Cron, Valerie A. Zeithaml Jan 1981

Strategic Management For Wholesalers: An Environmental Management Perspective, William L. Cron, Valerie A. Zeithaml

Historical Working Papers

The purpose of this paper is to propose that environmental management, a conceptual framework from the organizational policy and strategy literature, can function as a useful paradigm for wholesalers who desire to adopt a long-range planning perspective. This perspective, often called strategic management, may be critical to the success and survival of firms in the 1980's as economic, political, competitive, regulatory, and societal forces exert increasing impact on their performance levels.


The Sensitivity Of Policy Elasticities To The Time Period Examined In The St. Louis Equation And Other Tests., Frank J. Bonello, William R. Reichenstein Jan 1981

The Sensitivity Of Policy Elasticities To The Time Period Examined In The St. Louis Equation And Other Tests., Frank J. Bonello, William R. Reichenstein

Historical Working Papers

Using the reduced form equation of the St. Louis Fed's monetarist macroeconomic model, we examine the sensitivity of monetary and fiscal policy elasticity estimates to the empirical estimation technique, to the assumed lengths of policy lags, and. to the time period studied. The empirical results are not very sensitive to the first two factors, but the results are quite sensitive to the time period examined. Two plausible explanations for the divergent results are considered and examined and the implications of the divergent results for the usefulness of the St. Louis model is discussed •