Research has shown that a trading strategy based on publicly available accounting accrual information can earn abnormal returns of approximately 10 percent in the year after it is applied. This article reports a study of whether this quot;accruals anomalyquot; is sensitive to company size. The...

1 The Productivity Concept: Definition, Measurement and Managerial Importance -- Aggregation Problems -- Total Factor Productivity -- Unbiased and Unique Discrete Approximations to TFP Indexes -- Value Added Versus Gross Output -- The Concept and Measurement of Capital -- Productivity Measures...

This is a management-oriented book about efficiency, quality and effectiveness designed for an audience of management practitioners, scholars, and students. The integrative approach developed in this book contains new ideas regarding quality and efficiency-based effective management. These ideas...

This study examines the extent to which analyst recommendations were useful in identifying earnings surprises during the pre- and post- Regulation FD periods. A comparative analysis of the association between recommendation revisions and subsequent earnings surprises suggests a significant...

This study examines the relationship between the value of financial analysts' recommendations and the intensity of firms' research and development (R&D) expenditures. We conduct univariate, portfolio and regression analyses using a sample of 8,620 public firms for the period 1993-2004. The...