Karen A. Forcht, Robert G. Brookshire, Scott P. Stevens and Rodney Clarke
Compares attitudes regarding the ethical use of computers insamples of business students from universities in the United States andAustralia. Finds that the two groups are…
Abstract
Compares attitudes regarding the ethical use of computers in samples of business students from universities in the United States and Australia. Finds that the two groups are statistically significantly different on 17 of the 26 ethics questions. Results show that significant differences in attitudes towards property and privacy issues exist; attitudes toward ethics in employee‐employer relations were not significantly different. In general, students in Australia tend to take ethical positions supporting greater freedom of action for computer users, while students in the United States take more restrictive positions.
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David N. Hurtt, Jerry G. Kreuze and Sheldon A. Langsam
One of the most complex and controversial issues confronting the Financial Accounting Standards Board (FASB) over the last several years has been the accounting and financial…
Abstract
One of the most complex and controversial issues confronting the Financial Accounting Standards Board (FASB) over the last several years has been the accounting and financial reporting of stock options. In December 2004, the FASB issued Statement 123R, Share‐Based Payment, in the hope that the long process of revising the accounting and financial reporting for stock options will be put to rest. FASB Statement 123R requires the fair‐value‐based method of accounting for share‐based payments. In order to offset the dilutive effects of generous stock option compensation packages for employees, companies are seemingly participating in stock repurchase plans. In the past, stock buyback programs were viewed as a means of distributing excess cash flow to investors; however, it appears now that many companies are financing stock repurchases through the issuance of debt, which can significantly impact the financial flexibility of a company. So, why do companies engage in this behavior? One possible reason for stock buybacks is to reduce the dilutive effect of stock option plans. Companies have, however, disputed that there is a direct relationship between exercised stock options and stock buyback transactions. Nevertheless, several articles and studies have found that there is a relationship and the FASB seems to believe that there is an association between stock buybacks and stock options, as Statement 123R requires that companies disclose the relationship between stock buybacks and stock payment programs. Using a sample of technology firms, we find evidence of an association between exercised stock options and repurchase of stock.
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Manfen W. Chen and Jianzhou Zhu
This paper examines the clustering of return volatility within industries by comparing the short‐run responses of stock returns to the arrival of macroeconomic news across several…
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This paper examines the clustering of return volatility within industries by comparing the short‐run responses of stock returns to the arrival of macroeconomic news across several industries. We hypothesize that some industries have distinctive qualities which influence the sensitivity of companies’ equity value to information releases. To test this hypothesis, we sample intraday stock price data of ten firms from three industries ‐ General Industry, Banking, and Real Estate Trusts ‐ and conduct the Brown‐Forsythe‐Modified Levene tests. The evidence shows that there exist different degrees of responses to the release of macroeconomic news and consequently different degrees of return volatility clustering: strongest in General Industry, less strong in Banking, and weak in Real Estate Investment Trusts.
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New Audioport Lets Presentations Travel with Sound. PC users can add crystal‐clear digital audio to computer‐based presentations with an external audio adapter. AudioPort, the…
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New Audioport Lets Presentations Travel with Sound. PC users can add crystal‐clear digital audio to computer‐based presentations with an external audio adapter. AudioPort, the latest addition to the family of desktop multi‐media products from Video Associates Labs, Inc., is an external digital audio adapter that connects to the parallel (printer) port of DOS or Windows™‐based desktop, laptop, and notebook PCs.
WILLIAM H. DESVOUSGES, F. REED JOHNSON, RICHARD W. DUNFORD, K. NICOLE WILSON and KEVIN J. BOYLE
Frank Slesnick, James Payne and Robert J. Thornton
Over the past 15 years or so, a very large proportion of the forensic economics literature has been devoted to research concerning better ways of estimating damages in cases…
Abstract
Over the past 15 years or so, a very large proportion of the forensic economics literature has been devoted to research concerning better ways of estimating damages in cases involving personal injury and wrongful death (PI/WD). This is probably not surprising since the largest fraction of consulting income for forensic economists (at least those in the National Association of Forensic Economics, NAFE) comes from such cases.
Patrick A. Gaughan and Robert J. Thornton
The first chapter in the volume, by George A. Barrett and Michael L. Brookshire, is entitled “The Forensic Economics of Medical Monitoring Damages in the United States.” It…
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The first chapter in the volume, by George A. Barrett and Michael L. Brookshire, is entitled “The Forensic Economics of Medical Monitoring Damages in the United States.” It focuses on a relatively new category of compensatory damages, the measurement of the costs of monitoring the medical condition of a group of designated individuals. These individuals may have alleged that they were adversely affected by the tortuous conduct of certain defendants. Barrett and Brookshire explain the legal parameters, which govern the ways such costs may be measured. They also provide a listing of the relevant cases across different states and in federal courts.