This paper develops a financial distress model using the statistical methodology of time-series Cumulative Sums (CUSUM). The model has the ability to distinguish between changes in the financial variables of a firm that are the result of serial correlation and changes that are the result of...

This study compared current operating income (COI), current operating income plus realizable holding gains measured in constant dollars and purchasing power gain (i.e., current real income (CRI)), and historical cost income measured in nominal dollars (HCI) on their ability to predict future...

This paper presents a methodology of evaluating stocks based on their growth prospects, rather than the traditional relative valuation criteria. Briefly, the proposed approach considers prices as endogenous to the model and solves for the Implied Growth Rate (IGR) which satisfies the Terminal...

The conclusions of study are summarized as follows: (1) Banks manage some asset-related international banking activities (especially loans but also cash) less consistently and uniformly than liability-related and other international banking activities. (2) The identified category of...

There are three general conclusions from this study of the international activities of U.S. banks. The first two conclusions are based specifically on the 1980 analysis. The third conclusion is based on the analysis for each of the years 1978-1980. The first conclusion is that these banks manage...

We introduce a macroeconomic system which we use for interest rate determination, after which we generate the interest rate risk premium. Considering this risk premium function, we investigate, test and determine the macro-variables which affect the interest rate risk premia by using a...

We present a simple and systematic process to analyze retention of learning assessment results. We suggested ways to deal with the data before applying any statistical tests. We applied several nonparametric statistical tests for differences in means, medians or entire distributions using actual...

This article investigates the effects of non-overlapping trading hours on the correlations and cross-serial correlations of returns in non-contemporaneous stock markets and develops a simple formula for calculating contemporaneous correlation measures. The presence of these effects is...

This article investigates the effects of non-overlapping trading hours on the correlations and cross-serial correlations of returns in non-contemporaneous stock markets and develops a simple formula for calculating contemporaneous correlation measures. The presence of these effects is...

This article investigates the effects of non-overlapping trading hours on the correlations and cross-serial correlations of returns in non-contemporaneous stock markets and develops a simple formula for calculating contemporaneous correlation measures. The presence of these effects is...