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Full-Text Articles in Business

Macroeconomic Determinants Of Corporate Performance And Failure: Evidence From An Emerging Market The Case Of Jordan, Rami Zeitun, Gary Tian, Steve Keen Jan 2007

Macroeconomic Determinants Of Corporate Performance And Failure: Evidence From An Emerging Market The Case Of Jordan, Rami Zeitun, Gary Tian, Steve Keen

Faculty of Commerce - Papers (Archive)

This study investigates the impact of aggregate economic risk on a company’s performance and failure in a panel estimation using 167 Jordanian companies during 1989-2003. Our finding shows that unanticipated changes in interest rate negatively and significantly affect firms’ performance measured by ROA, which suggests that an interest rate rise increases the cost of borrowing and then further negatively affects a firm’s profit. We also found that both the production manufacturing index and Islamic credit facilities positively and significantly affect a firm’s performance. The positive and significant impact of Islamic credit facilities reflects the importance and the significance of the …


Mean Reversion Versus Random Walk In Asian Stock Prices: Evidence From Multiple Structural Breaks, Surachai Chancharat, Abbas Valadkhani Jan 2007

Mean Reversion Versus Random Walk In Asian Stock Prices: Evidence From Multiple Structural Breaks, Surachai Chancharat, Abbas Valadkhani

Faculty of Commerce - Papers (Archive)

This paper examines whether Asian stock prices for 9 countries are trend stationary or follow a random walk process using the Zivot and Andrews (1992), Lumsdaine and Papell (1997) tests and monthly data (1987:12-2005:12). With one structural break test results provide evidence in favour of random walk hypothesis in 6 countries. Moreover, when two endogenously-determined structural breaks are considered, this hypothesis was rejected for the same 3 countries, suggesting a robust conclusion regarding the non-stationarity of stock prices world wide. In addition, the dates of structural break in most cases point to the Asian crisis in the period 1996-1998.


Cpa Expert 2007 Spring, American Institute Of Certified Public Accountants Jan 2007

Cpa Expert 2007 Spring, American Institute Of Certified Public Accountants

Newsletters

No abstract provided.


Cpa Expert 2007 Fall, American Institute Of Certified Public Accountants Jan 2007

Cpa Expert 2007 Fall, American Institute Of Certified Public Accountants

Newsletters

No abstract provided.


Cpa Expert 2007 Summer, American Institute Of Certified Public Accountants Jan 2007

Cpa Expert 2007 Summer, American Institute Of Certified Public Accountants

Newsletters

No abstract provided.


Cpa Expert 2006 Fall, American Institute Of Certified Public Accountants Jan 2007

Cpa Expert 2006 Fall, American Institute Of Certified Public Accountants

Newsletters

No abstract provided.


Who Knew? Admissibility Of Subsequent Remedial Measures When Defendants Are Without Knowledge Of The Injuries, Mark G. Boyko, Ryan G. Vacca Jan 2007

Who Knew? Admissibility Of Subsequent Remedial Measures When Defendants Are Without Knowledge Of The Injuries, Mark G. Boyko, Ryan G. Vacca

Law Faculty Scholarship

Federal Rule of Evidence 407 prohibits the introduction of subsequent remedial measures for the purposes of demonstrating negligence, culpable conduct, or product defect. But the rule breaks down, in application and purpose, when a defendant undertakes the new safety measure after the plaintiff's injury, but before the defendant had knowledge of the loss. Such a situation is not uncommon. Would-be defendants frequently improve their products and product safety for a variety of reasons. Toxic exposure cases, where exposure often predates diagnosis of the injury by a decade or more, represent a prime example of cases where defendants are likely to …