The L P norm provides alternatives to least squares for estimating the coefficients of a linear
regression model. Monte Carlo studies were performed using six different values of p (…

The authors examine the validity of the CAPM for Johannesburg Stock Exchange (JSE)
stocks. Additional effects, namely, dividend yield, size and liquidity arc also considered using …

11NTRODUCTION LIFO refers to the last-in-first-out cost flow assumption of inventory
valuation whereby it is assumed that the costs of the most recent purchases of merchandise …

… For nonnormal data, the power is likely to be even lower (see, eg, Affleck-Graves and McDonald
1989), and consequently, we conclude that authors who have rejected the CAPM on the …

In this paper the cumulative average residual (CAR) methodology is used to examine the
effect merger announcements have on the returns earned by both the shareholders of the …

Many investors appear to have an aversion to investing in stock market securities having very
low prices. This stems from a fear that such shares are extremely risky which might result …

In this paper both the premium paid on acquisition during a merger as well as the method
by which the target companies stockholders arc paid for their holding arc examined. The …

In an attempt to correct this situation, John Arnold and Peter Moizer conducted a survey in
the United Kingdom (UK)(Arnold & Moizer, 1984). In collaboration with Eric Noreen, the UK …

… In this paper we extend the results presented in an earlier study (Knight and Affleck-Graves
(1983)). By making use of a new control group we are better able to isolate whether the …

Before presenting the empirical results obtained, a brief resume of the theory underlying the
two portfolio selection techniques is given.