The uncertain nature of technological innovation and a potential misunderstanding of the complexities of high tech operations can lead to much speculation about the true worth of high tech firms. This valuation uncertainty is expected to heighten the information sensitivity of investors in high...

For many businesses the investment in inventories, measured in absolute amounts or as a percentage of assets, turns out to be quite significant. According to recent statistics, the average nonfinancial US corporation has a larger percentage of its funds invested in inventory than in any other...

One of the major concerns of small businesses today is adequate cash flow. Sometimes firms suffer from a negative cash flow, especially in the early years of their operation and during prolonged periods of cyclical downturns in the economy, as was the case recently. The problem is compounded...

New investment opportunities provided by emerging markets have intrigued investors striving to obtain a better risk - return combination for their international portfolios. With this expanded opportunity set, however, come some important questions: to take full advantage of international...

This research examines the earnings management practices of growth versus value firms. We predict that growth firms have more incentive to 'manage their earnings' and that they do so more aggressively as compared to value firms. The primary reason for this behaviour is that information...