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This study documents the amount of time it takes for Initial Public Offerings (POs) to make the transition from underperformance to meeting or exceeding the return for firms of similar size. The study looks at yearly holding period lengths of 1 to 10 years. The results of this study show that if purchased on issuance date, IPOs need to be held for over five years in order to make a return equal to the market.

Communications regarding this column should be addressed to Mrs. Cheney, Peabody Library School, Nashville, Tenn. 37203. Mrs. Cheney does not sell the books listed here. They are available through normal trade sources. Mrs. Cheney, being a member of the editorial board of Pierian Press, will not review Pierian Press reference books in this column. Descriptions of Pierian Press reference books will be included elsewhere in this publication.

Shows how educational reform has been a persistent concern in the USA for decades. Recent reform initiatives have focused on teacher autonomy and teacher participation in school‐based decision making. Private sector and school research identify the importance of worker/teacher autonomy. This autonomy leads to a sense of ownership and empowerment where workers aim to grow within their profession and to seek increased responsibility. Believes real education reform must provide teachers with decision‐making responsibility and autonomy in educational matters including choice with respect to professional development. This can only be accomplished in a supportive and nurturing organization.