The aim of this study is to provide further evidence on the usefulness of published accounting information for identifying takeover targets. A number of screening models of takeover targets based on historical accounting data are developed using multivariate statistical techniques and the...

The available evidence on the properties of return distributions does not convincingly support a particular method for estimating the parameters of the market model. The underlying stimulus for this paper is to resolve this issue empirically by evaluating the performance of three alternative...

Estimates of the effects of inflation on the corporate sector, in particular the depreciation effect, the inventory effect, and the net monetary effect. Empirical evidence is provided on the direction and magnitude of the different effects of inflation upon a number of Australian industry groups...

The purpose of this paper is to address some of the methodological issues which have evolved from the literature on corporate failures, and to report the results of an empirical investigation on the usefulness of financial models for the prediction of corporate failures.The experimental design...