Events leading to stock price windfalls happen for a variety of reasons. Lately huge gains
and losses have resulted from changes in federal tax policies. Alan Auerbach and Laurence …

A negative relationship between corporate leverage and tax shields has been predicted
because a large nondebt tax shield reduces the expected value of interest tax savings and …

An alternative approach for establishing a common stock's fundamental value is examined.
A pretax cash flow stream is derived to be consistent with a zero net present value …

We relate the cross‐section of stock returns to firm size, beta, and total risk. We find that as
extreme monthly security returns are censored from the data, the significance level decreases …

This research finds that extreme stock returns are associated with low-priced stocks, which
in turn are correlated with a significant decline in average returns. It is inferred from this …

Massive hemoptysis is a life-threatening situation that rarely complicates pregnancy. Presented
is a case of massive hemoptysis during pregnancy, which was successfully diagnosed …

A growing body of literature analyzes the variation in Q, the ratio of financial market value to
asset current replacement cost, and makes inferences about attributes such as monopoly …

In implementing the theory of current valuation for fixed assets, accountants encounter a range
of difficult estimation problems. Many of these problems arise because fixed assets yield …

A tax reform providing incentives for fixed investment may increase shareholder wealth
because after‐tax cash flows on planned investment increase. Alternatively, shareholder wealth …

Most studies employing the user cost of capital are inconsistent because their user cost
assumes capital has an infinite life and depreciates geometrically, whereas they employ capital …