Akron Business and Economic Review

Articles from Vol. 20, No. 3, Fall

An Empirical Investigation of the Predictive Power of Accrual and Cash Flow Data in Forecasting Operating Cash Flow
An Empirical Investigation Of The Predictive Power Of Accrual And Cash Flow Data In Forecasting Operating Cash Flow A primary objective of accounting information is to help financial statement users forecast the amounts, timing, and uncertainty of...
An Empirical Study of Asset Size, Financial Leverage, and Stock Market Anomalies
An Empirical Study Of Asset Size, Financial Leverage, And Stock Market Anomalies Empirical research has confirmed that stock market anomalies, such as the small firm effect [1, 3, 4, 6, 7, 8, 9] and the price to earnings ratio (P/E) effect [2, 3,...
A Re-Examination of Residuals around the Ex-Dividend Date
A Re-Examination Of Residuals Around The Ex-Dividend Date Much controversy exists about whether share prices are affected by a dividend-related tax effect on the day the stock goes ex-dividend. Campbell and Beranek [3] and Elton and Gruber [6] were...
A Test of the Applicability of the Black-Scholes Call Option Pricing Model: Valuing S&P 100 Index Call Options
A Test Of The Applicability Of The Black-Scholes Call Option Pricing Model: Valuing S&P 100 Index Call Options Financial markets worldwide have experienced unprecedented volatility in the recent past. The cause of such volatility is of much debate....
Bank Merger Bids, Managerial Control and Value Maximization
Bank Merger Bids, Managerial Control And Value Maximization (*1) The traditional theory of the firm is based on the assumption that management acts in the best interest of the stockholders, which is value maximization. In line with such a principle,...
Measuring the Eminence of Business Schools: A Longitudinal Analysis
Measuring the Eminence of Business Schools: A Longitudinal Analysis University business schools compete directly with each other for scarce resources. Today, the competitive struggle for faculty, students, and respectability rages, and it is more...
Nonadopters of Automatic Teller Machines
Nonadopters Of Automatic Teller Machines The adoption and diffusion processes are two interrelated theoretical concepts that have received considerable attention in the literature. Adoption occurs at the micro level, within the mind of the consumer,...
Potential Employer Liability for the Disclosure of Employee Information
Potential Employer Liability For The Disclosure of Employee Information The maintenance and dissemination of information related to current and former employees have rapidly emerged as areas that are ripe for potential litigation by employees who...
Stock Splits and Return Volatility
Stock Splits And Return Volatility A stock split by itself is merely an accounting change with no change in firm value. It does not alter the total market value of shareholders' wealth; hence, there should be no effect on stock returns or return...