Managerial Finance


Accounting and Finance

Table Of Contents: Volume 22 Issue 3

Stock Price Reaction Around Changes in Product Prices

Zahid Iqbal, Shekar Shetty

The main purpose of this study is to investigate product price changes from the stockholders' perspective. Our evidence indicates that stockholders react positively to a…

The June 1989 Regulatory Mandated Argentinean Loan Write‐offs and US Bank Security Returns: An Empirical Investigation

M. Kabir Hassan, William H. Sackley

This study examines the stock market reactions to an involuntary adjustment to loan‐loss reserves by the write‐downs of Argentinean loans by major banks with Argentinean…

Covariance Analysis as an Alternative Event‐Study Methodology

Stephen Hogan

Today the most common way of testing for the presence of abnormal stock market returns is by following the pioneering work of Fama, Fisher, Jensen, and Roll (1969). Their…

Contagion Effects in the Life Insurance Industry Spring and Summer 1991

Joseph D. Haley, Kevin J. Sigler

During the spring and early summer of 1991 the life insurance industry experienced an unprecedented series of major life insurer insolvencies. The objective of this paper…

An Examination of the Differential Information Hypothesis

Gow‐Cheng Huang, Michael B. Madaris

This study examines the differential market reaction to unexpected dividends between large firms and small firms by employing the Cumulative Sum Technique of Hillmer and…



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  • Professor Don Johnson