This paper conducts several tests of association between accounting information and the systematic risks of firm's equities. It also evaluates several models of the prediction of systematic risk from past rate-of-return information.

The purpose of this paper is to address some of the methodological issues which have evolved from the literature on corporate failures, and to report the results of an empirical investigation on the usefulness of financial models for the prediction of corporate failures.The experimental design...

The aim of this study is to provide further evidence on the usefulness of published accounting information for identifying takeover targets. A number of screening models of takeover targets based on historical accounting data are developed using multivariate statistical techniques and the...

The available evidence on the properties of return distributions does not convincingly support a particular method for estimating the parameters of the market model. The underlying stimulus for this paper is to resolve this issue empirically by evaluating the performance of three alternative...