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Finance and Financial Management Commons

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Singapore Management University

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Articles 1291 - 1293 of 1293

Full-Text Articles in Finance and Financial Management

Reuse And Productivity In Integrated Computer-Aided Software Engineering: An Empirical Study, Rajiv D. Banker, Robert J. Kauffman Sep 1991

Reuse And Productivity In Integrated Computer-Aided Software Engineering: An Empirical Study, Rajiv D. Banker, Robert J. Kauffman

Research Collection School Of Computing and Information Systems

Growing competition in the investment banking industry has given rise to increasing demand for high functionality software applications that can be developed in a short period of time. Yet delivering such applications creates a bottleneck in software development activities. This dilemma can be addressed when firms shift to development methods that emphasize software reusability. This article examines the productivity implications of object and repository-based integrated computer-aided software engineering (ICASE) software development in the context of a major investment bank's information systems strategy. The strategy emphasizes software reusability. Our empirical results, based on data from 20 projects that delivered software for …


Dividend Policy And Tax Structure, Kian Guan Lim Dec 1989

Dividend Policy And Tax Structure, Kian Guan Lim

Research Collection Lee Kong Chian School Of Business

We show that a certain class of progressive tax structure induces an optimal dividend policy which is autogressive in nature. The theoritical model is consistent with empirically observed dividend policies.


A Direct Test Of Rock's Model Of The Pricing Of Unseasoned Issues, Francis Koh, Terry Walter Aug 1989

A Direct Test Of Rock's Model Of The Pricing Of Unseasoned Issues, Francis Koh, Terry Walter

Research Collection Lee Kong Chian School Of Business

Unique data availability and institutional arrangements for new issues in Singapore allow a direct test of the empirical implications of Rock's model of pricing unseasoned new issues. Our empirical results are consistent with the model. Specifically we find that the unseasoned new issues' anomaly disappears when the rationing associated with new issues is incorporated into the analysis. The winner's curse is evident in allocation patterns used in Singapore.