The relationship between accounting earnings and bond returns

Article Abstract:

The theoretical link between accounting earnings changes and bond returns is empirically validated. The option pricing model is applied to price stocks and bonds and combined with additional assumptions about the relationship between accounting earnings and economic income (or permanent earnings) in this analysis. Analysis of the model indicates a positive relationship between bond prices and accounting earnings.

Models, Prices and rates, Options (Finance), Securities, Securities prices, Bonds, Bonds (Securities)

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Management control and hospital cost reduction: additional evidence

Article Abstract:

Research is presented describing the effectiveness of physician profiling in terms of hospital expenditure and the correlation of procedures performed on patients per day compared with length of stay reductions.

Hospitals, Public finance

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The usefulness of financial and nonfinancial performance information in resource allocation decisions

Article Abstract:

Research is presented describing the change in financial planning policy when budget organizers are faced with both specific financial and nonfinancial information in reports.

Financial planning, Resource allocation

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