Managerial Finance: Volume 21 Issue 9

Measuring Long‐term Performance for Advanced Manufacturing Technology: An International Perspective

Mohamed E. Bayou, Alan Reinstein

New developments in the manufacturing industries require reexamining both the performance evaluation techniques and the concept of performance itself. As to evaluation, the return…

The Volatility of the Pe Ratio and its Components: A Contrast of Japanese and U.S. Markets

C.S. Agnes Cheng, H.Y. Kathy Hsu, Thomas R. Noland

This paper extends previous research by reexamining the difference in cross‐sectional variability of Japanese and U.S. price‐to‐earnings (PE) ratios. A simple model is developed…

The Relationship Between U.S. Federal Reserve Discount Rate Changes and Fluctuations in Interest and Exchange Rates

Christopher Hessel, Julie Dahlquist, Mark Persellin

This study examines the relationship between U.S. monetary policy changes and financial market reactions; in particular, the fluctuations in interest rates and exchange rates for…

International Diversification: A Review and Analysis of the Evidence

Philip H. Siegel, Khursheed Omer, John T. Rigsby, Pochara Theerathom

The purpose of this paper was to explore the motivation and rationale behind international investment to better explain the conflicting results reported in previous research and…

Consequences of Financial Reporting Requirements on Managerial Decisions: The Case of U.S. Multinational Corporations and Foreign Currency Translation

J. David Spiceland, Jerry E. Trapnell, Michael L. Behrens, Abdel Kablan

This article reports the results of tests used to detect shifts in the systematic risk of multinational corporations concurrent with regulations mandating new financial reporting…