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| 1. |
Corporate Finance in the 1990s ‐Implications of a Changing Competitive and Financial Context* |
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Journal of International Financial Management&Accounting,
Volume 1,
Issue 3,
1989,
Page 209-231
D. Lessard,
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PDF (1308KB)
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ISSN:0954-1314
DOI:10.1111/j.1467-646X.1989.tb00011.x
出版商:Blackwell Publishing Ltd
年代:1989
数据来源: WILEY
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| 2. |
Accounting Information and Investment Risk Perception in Japan* |
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Journal of International Financial Management&Accounting,
Volume 1,
Issue 3,
1989,
Page 232-243
K. Ferris,
K. Hiramatsu,
K. Kimoto,
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PDF (532KB)
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摘要:
AbstractThis paper investigates the issue of whether financial reports appear to convey information on risk on a consistent basis across international capital markets. Data collected from a sample of Japanese financial analysts are compared to previously reported data from U.S. analysts. The results indicate that traditional accounting measures of risk explain substantial variation in the average risk perceptions of financial analysts inboththe U.S. and Japan; however, while accounting risk measures were found to explain significant variation inex postbeta for the U.S. sample, this was not found to be the case for the Japanese sample. The implications of these cross‐national differences and similarities are discusse
ISSN:0954-1314
DOI:10.1111/j.1467-646X.1989.tb00012.x
出版商:Blackwell Publishing Ltd
年代:1989
数据来源: WILEY
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| 3. |
Eurocredit Pricing in Sovereign Lending |
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Journal of International Financial Management&Accounting,
Volume 1,
Issue 3,
1989,
Page 244-258
Ole Christian Sand,
Briance Mascarenhas,
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PDF (651KB)
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摘要:
AbstractEurocredit pricing to sovereign borrowers was analyzed for the period leading up to the international debt crisis. The return variable measured both fees and spread, instead of spread alone. The importance in pricing of objective and subjective indicators of country‐risk, loan characteristics, and regional factors were examined. The analysis revealed a discrepancy between a perceptual measure and an objective measure of country‐risk. Eurocredit pricing was not positively related to loan size and maturity, commonly viewed as increasing risk, and may have also been influenced by regional and institutional fact
ISSN:0954-1314
DOI:10.1111/j.1467-646X.1989.tb00013.x
出版商:Blackwell Publishing Ltd
年代:1989
数据来源: WILEY
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| 4. |
The Relative Relationship Between Systematic Risk and Value Added Variables |
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Journal of International Financial Management&Accounting,
Volume 1,
Issue 3,
1989,
Page 259-276
Philip Karpik,
Ahmed Belkaoui,
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PDF (828KB)
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摘要:
AbstractThe objective of this study is to determine whether value added variables possess incremental information beyond both accrual earnings and cash flows in the context of explaining market risk. The evidence points to the superior explanatory power of value added variables in explaining the variability in market betas. A case can be made for the disclosure of value added reports.
ISSN:0954-1314
DOI:10.1111/j.1467-646X.1989.tb00014.x
出版商:Blackwell Publishing Ltd
年代:1989
数据来源: WILEY
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