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The Effects of Dividend Yield and Dividend Policy on Common Stock Prices and Returns
This paper suggests that it is not possible to demonstrate, using the best available empirical methods, that the expected returns on high yield common stocks differ from the expected returns on low yield common stocks either before or after taxes…
Integrating the Computer into a Business School Curriculum
The results of a study of computer utilization in the Graduate School of Business at Stanford are presented. The benefits and costs of a dedicated time-sharing system acquired by the Business School to supplement the central campus computer…
A Study of Computer Use in a Graduate School of Business
A Consumer-Based Methodology for the Identification of New Product Ideas
This paper suggests a procedure which analytically ties a model to predict users’ predispositions to purchase different “brands” in a product-market together with a search process to identify optimal new product ideas. Brands, conceptualized as…
An Adaptive Consumer's View of Attitudes and Other Choice Mechanisms, as Viewed by an Equally Adaptive Advertiser
Abstract not available.
An Algorithm for Determining Optimal Sales Commissions
Relatively simple experimental data which embody a salesman’s assessment of relationships between his efforts and sales are used in a computational algorithm to determine the parameters of a functional relationship between sales volume and sales…
An Evaluation of Alternative Strategies for Expanding the Number of Black-Owned Businesses
Alternative strategies for Black economic development have been debated with great vigor and little rigor. The qualitative, nonanalytic nature of the existing Black economic development literature partially stems from the lack of comprehensive…
An Informal Look at the Principle of Optimality
The Principle of Optimality is examined informally (bereft of notation) in the context of discounted Markov decision processes. The optimality equations and optimality criterion are introduced with discounted Markov decision processes. The…
Bounds and Transformations for Finite Markov Decision Chains
New improved bounds on the optimal return function in finite state and action, infinite horizon, discounted stationary Markov decision chains are developed. They require solving a single constraint, bounded variable linear program, which can be…
Capital Budgeting and Dividend Decisions Under Proportional Flotation Costs and Proportional Brokerage Fees
Abstract not available.
Closed-End Investment Companies in the United States: Risk and Return
Abstract not available.
Cognitive Responses to Mass Communication: Results From Laboratory Studies and a Field Experiment
Abstract not available.
Corporate Liquidity and Bankruptcy Costs
In this paper, the valuation of corporate liquidity is analyzed under conditions of perfect and complete capital markets as well as under conditions where bankruptcy costs exist. Heretofore, the valuation of liquidity has not been examined in a…
Corporate Taxes and Bankruptcy Cost in a Mean-Variance Model of the Effect of Leverage on the Valuation of the Firm
Determining Cost vs. Time Pareto-Optimal Frontiers in Multi-Modal Transportation Problems
This paper provides a framework for choosing modes of transportation (Rail, Highway, Air, etc.) by taking into account the conflicting objectives of minimizing total transportation costs and average shipment times. An efficient algorithm using…
Dividend, Investment And Financing Decisions: Empirical Evidence On French Firms
Abstract not available.
A Dynamic Programming Approach to the Abandonment Decision
The decision about when to abandon a capital investment is formulated as a dynamic programming problem under conditions of both certain and probabilistic cash flows. One period autocorrelation is assumed in the case of uncertain cash flows. A…
Evaluation of Project Risk in Capital Investments with Abandonment Options
This paper develops a formula for calculating the variance of the present value of cash flows for capital investment projects that have an option to abandon the project in each period. The development of the optimal abandonment strategy can be…