THE MARKET PERFORMANCE OF CONGLOMERATE FIRMS IN THE UNITED KINGDOM
Article Abstract:
UNTIL RECENTLY, IT WAS BELIEVED THAT CONGLOMERATES HAD DYNAMIC, ENTREPRENEURIAL MANAGEMENT WHICH INJECTED EFFICIENCY TO TAKEN-OVER FIRMS-AND THEREFORE THE STOCKS OF CONGLOMERATES SHOULD EXHIBIT SUPERIOR PERFORMANCE. THIS ASSUMPTION IS TESTED BY EXAMINING RISK ADJUSTED RETURNS OF CONGLOMERATES IN THE UNITED KINGDOM. STATISTICAL TESTS ARE UTILIZED IN THE ANALYSIS.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1979
User Contributions:
Comment about this article or add new information about this topic:
THE EFFECTS IN EMPIRICAL STOCK VALUATION MODELS
Article Abstract:
ESTIMATED PARAMETERS IN EMPIRICAL STOCK VALUATION MODELS OFTEN EXHIBIT INSTABILITY OVER TIME. EXPLANATIONS FOR THIS PHENOMENON ARE PRESENTED. SEVERAL MACROECONOMIC AND PSYCHOLOGICAL VARIABLES ARE INTRODUCED TO EXPLAIN INVESTOR BEHAVIOR. SIGNIFICANT EMPIRICAL REALTIONSHIPS WERE FOUND.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1979
User Contributions:
Comment about this article or add new information about this topic:
INDIVIDUAL LABOR FORCE DECISIONS AND UNEMPLOYMENT IN LOCAL LABOR MARKETS
Article Abstract:
MOST STUDIES ASSOCIATED WITH 'DISCOURAGED WORKER EFFECT' UTILIZE ORDINARY LEAST SQUARES ESTIMATES BASED ON AGGREGATE CROSS SECTION DATA. BIASES IN THESE ESTIMATES ARE EXAMINED. A NEW LABOR SUPPLY MODEL IS DEVELOPED AND ESTIMATES BASED ON THIS MODEL ARE PRESENTED.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1979
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: STOCHASTIC DETERMINANTS OF INTERFIRM PROFITABILITY DIFFERENCES. MONEY AND THE PRODUCTION FUNCTION: A TEST FOR SPECIFICATION ERRORS
- Abstracts: Sources of fluctuations in real and nominal exchange rates. Fixes: of the forward discount puzzle. TESTING FOR THE ROLE OF SPECULATION IN THE FORWARD EXCHANGE MARKET: SOME PROBLEMS IF THERE ARE FISHERIAN EXPECTATIONS