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Abstract A firm's earnings announcements are an important source of value relevant information to market participants. They are, however, only one such source of information. The study reported in this paper involves another source of information: the earnings announcements within pairs of...
Abstract Japanese companies represent a particularly dynamic sector of UK manufacturing industry. High levels of Japanese investment, particularly during the mid-1980s, prompted research into many aspects of Japanese operations such as work and management organisation, personnel management and...
Abstract This paper has two purposes. The first is to derive rules identifying the deprival value of an asset (i) which is irreversible to one extent or another; (ii) the benefit stream of which is subject to continuing uncertainty; and (iii) for which an option to wait exists as to when to...
Abstract Within the theory of statistics there are three main schools. The two longest established are based on the works of Fisher and of Neyman and Pearson, these often being loosely grouped together under the heading ‘classical’ statistics. The third and oldest in terms of historical...
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