After the crash of 1987, the Nasdaq composite index stayed below the pre-crash level for nearly two years. Takeover activity surged in this after-crash period. We compare the motives in the acquisitions of Nasdaq targets during the after-crash period with those in the ten-year period before the...

The objective of this case is to make students realize the implications of various methods of shareholder rewarding available to a corporation. The corporation has to weigh the consequence of each alternative in context of expected sustainability of future earnings and their growth. The case...

Prior to the Black Monday (October 19, 1987), the twenty-day moving average of the NASDAQ composite index had reached a peak level of 442 on October 13, 1987. It then declined rapidly around the Black Monday by over forty percent and did not reach the pre-crash level again till June 8, 1989....