Part II in this study continues Part I in the previous issue in this journal concerning the balancing of investment risk and return. This article provides empirical evidence on the relationship between "personal characteristics" of individual common-stock investors and their risk/return...

This study extends previous inquiries concerning positive (as opposed to normative) aspects of common-stock investor behavior and provides preliminary empirical evidence on the association between risk/return preferences and expectations for specified investor attributes.Part I of the study...

Given the sensitivity of stock valuation models to the discount rate k*, it follows that their operational usefulness is significantly dependent upon the accuracy of the estimate of k*. The purpose of this study is to illustrate the use of the geometric mean to estimate k*. The usual approach to...

This note attempts to add to the sparse literature concerning the profitability of commercial bank trust departments. Utilizing a much different research design and data than previous research, the results appear consistent in several basic aspects. First, it has been found that trust...

American banking structure is unique among the nations. The present banking system is the result of nearly two centuries of development. The process of development has been influenced heavily by the American system of government which has allowed the national and state governments to charter and...

The theoretical valuation model has been shown to be mathematically equivalent to a price-earnings approach to stock valuation. The theoretical model explicitly includes estimates of long-run dividend (or earnings) growth. Because the price-earnings ratio approach is equivalent, it also...

The subject of bank planning has received considerable attention in recent years. However, little relative attention has been devoted to strategic planning for new banks. This study reduces this void by providing some guidelines and thoughts pertaining to development of strategic plans for newly...

The research objective of this study is to isolate a few "key" financial ratios significantly explaining variation in commercial bank profitability. A methodological objective is to test the operational and statistical results of regressing only variables that strongly discriminate between...