The theoretical portfolio autocorrelation due solely to nonsynchronous trading is estimated
from a derived model. This estimated level is found to be substantially less than that observed …

One of the most pervasive and controversial disclosure requirements initiated by the SEC in
recent years has been line-of-business (LOB) reporting for multisegment firms.'The stated …

This paper reexamines the issue of common stock market risk stationarity by applying a
newly available exact test for random-walk regression coefficients. For each eight-year …

In an earlier article in this Journal, Horwitz and Kolodny reported that imposition of the
SEC's line of business reporting requirements did not affect investors' assessments of the …

This study provides a comprehensive examination of the leverage-adjustment issues raised
by Fuller and Kerr (1981) and Conine and Tamarkin (1985). The study employs a larger …

Market timers without timing skill suffer a penalty relative to buy‐and‐hold investors in the form
of higher portfolio risk. With transactions costs, timers suffer lower expected returns as well…

This paper compares the forecasting performance of a small quarterly econometric model
under two different assumptions:(1) the structural coefficients are constants and (2) the …

The theoretical portfolio autocorrelation due solely to nonsynchronous trading is estimated
from a derived model. This estimated level is found to be substantially less than that observed …

O'Neil, Saftner, and Dillaway (OSD)[1983] have calculated the breakeven year for an IRA
assuming a stream of contributions. An example is presented which illustrates that incorrect …

Results Example computer runs were conducted for three cases:(1) daily cash flows
independent, identically distributed, normal random variables with zero mean (the statistical …