Purpose: Financial ratios are routinely used as predictors in modelling tasks where accounting information is required. The purpose of this paper is to discuss such use, showing how to improve the effectiveness of ratio-based models. Design/methodology/approach: First, the paper exposes the...

This article examines earned returns and allocation details of more than 200 new offerings (Initial Public Offering, IPO) from companies that went public in Hong Kong during the period 1988 to 1995. Three distinct groups of investors are identified, each exhibiting a particular type of return's...

The Split Share Structure reform may be the final episode in the measured process of privatization of Chinese companies. The reform was started in May 2005 with the object of re-designating state-held shares into tradable shares. By the end of 2008, almost all of such shares had indeed become...