Technical analysis has been so pummeled by evidence supporting the efficient nature of
market behavior that most researchers gave it up for dead years ago.'By now it seems a …

This article examines two issues regarding the formation and effects of qualitative
perceptions offirm performance: First, do firm quantitative measures of performance influence …

There are at least three ways in which profits and R & D may be related. First, profits may
influence subsequent R & D. Second, R & D may influence subsequent profits. And third, it is …

2. NYSE, Economics of Minimum Commission Rates, SEC File No. 4-144 (May 1, 1969), P.
51; J. Needham," No More Exchange-So What," Wall Street Journal, November 27, 1974, pp. …

This study explores the role of per share price in identifying stocks particularly likely to
outperform the market in January. It is found that low price stocks that exhibited poor December …

Bankruptcy-related costs may be categorized into four areas: (1) Real costs borne by the
distressed firm; (2) Real costs borne directly by the claimants; (3) Losses to the distressed firm …

The empirical research reviewed in this article has led us to conclude that market share, not
concentration, is the primary structural determinant of profitability. Market share increases …

An efficient market (weak form) will contain no significant price pattern, a view supported by
numerous empirical studies. Our study, however, reveals a very strong negative …

In this paper, we explore the probability of merger completion/success for the 1991 to 2001
period. We construct a prediction model for merger completion and, among other issues, test …

The price of a company's stock affects many aspects of its operations, ranging from access to
capital to executive compensation to acquisition strategy. Unfortunately, too few managers …