This article investigates the signaling theory and the benefit of debt theory to explain higher
returns for bidders offering cash rather than stock, using Standard and Poor’s debt rating …

Among an array of techniques to assess individual investors' risk tolerance, the simplest
method is the risk questionnaire. As the type of questions included in different questionnaires …

Studies examining long-term performance after stock repurchases provide mixed results. I
point out two substantive problems in samplings of early studies. First, we should distinguish …

This study reexamines post-acquisition performance of acquiring firms using EVA. Investigation
of the largest 75 acquisitions occurring during 1989 to 1993 reveals that acquiring firms …

Previous research has shown that returns to bidders are significantly negative for stock
acquisitions and insignificant although slightly positive for cash acquisitions. Two theories (…

The cross-section of expected stock returns between 1985 and 1994 is examined and a
strong negative relationship between market value added per share and average returns is …

Artificial neural networks are a robust, effective complement to traditional statistical methods
in financial applications. They can incorporate qualitative and quantitative information, and …

We examine the information asymmetry hypothesis and the management control hypothesis
by examining the relation between insider trading and insider holdings to the choice of …

Many explanations have been offered for the negative Monday effect. An obvious conjecture
is that the negative return might be due to firms timing the release of information after the …

The main purpose of this paper is to examine the wealth effect of stock repurchase announcements
using a sample of 11,862 repurchase programs announced during 1994–2007. The …