This paper presents some new evidence that Arbitrage Pricing Theory may lead to different
and better estimates of expected return than the Capital Asset Pricing Model, particularly in …

Results Logarithms of the variables introduced above were used in fitting in P/E= a+ b1 in (I+
g)+ b2 in PA Y+ b3 In MKT+ b4 In CON+ b5 In VAR+ b6 In FIR (2) to cross-sections of 100 …

In the last decade academicians have developed an approach to analyzing a lessee's
alternatives. It deals only with the form of fixed obligation to be assumed in association with the …

Identifying hotspots of biological diversity is a key step in conservation prioritisation.
Melanesia—centred on the vast island of New Guinea—is increasingly recognised for its …

… Richard Vancil, in drawing this distinction, describes the financial lease as one that is non-cancelable,
com. mitting the lessee to payments which i total equal or exceed the purchase …

ADJE+ g expresses the dividend expectation in terms of its components. The horizon can
be taken as the time when a stock is expected to lose its distinctive qualities and display …

3. The field work for this project was done by Harold Pfohl during the summer and fall of 1972.
He is not only a careful observer and aggressive compiler of information but also an imagi-…

To be most effective in project selection, a capital budgeting system should distinguish in
screening rates among product lines or operating divisions. In developing proper screening …

Not all racetrack bettors want to handicap. Some prefer to buy expert opinion on the winners
of each race and on the day's best bet. Investors are not very different. Many like to avoid …

The residential demand for natural gas is the subject of two recent articles in this journal.'
Each used pooled time-series/cross-section data to estimate price and income elasticities as …