Planned changes in accounting principles for UK life insurance companies: a preliminary investigation of stock market impact

Article Abstract:

A proposal by the Association for British Insurers for an "accruals" method of accounting was expected to result in a higher valuation of United Kingdom life insurance company shares. The new plan called for a different way of accounting for shareholders' profits. Recent research has shown that the effect of the change in accounting principles on the stock market is difficult to determine. Other factors may result in the increase in life insurance share prices, such as new management strategies that focus more on shareholders.

Life Insurance, Direct Life Insurance Carriers, Management, Usage, Insurance industry, Life insurance industry, Securities, Association of British Insurers, Accrual basis accounting

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Free cash flow and stockholder gains in going private transactions revisited

Article Abstract:

A re-examination of the the data used to support the "free-cash flow" hypothesis, as it relates to the act of public corporations going private, can lead to new inferences. The ability of the hypothesis to correctly predict certain aspects of the process of going private has been questioned. A new analysis of past studies provides support for the overheated buyout market hypothesis.

Going private (Securities)

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Usefulness of value added and abnormal economic earnings: an empirical examination

Article Abstract:

Value added and abnormal economic earnings have been cited as two alternative measures of performance. Using levels analysis, changes analysis, and firm value analysis, the two were evaluated for their explanatory ability. Research shows that, of the two measurements, only value added can be considered a statistically significant variable.

Measurement, Profits, Corporate profits

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