This study compares the profitability, operational efficiency, and firm value over the 1985-1990 period of 100 firms that had IPOs in 1985 compared to a matched sample of similar firms which had their IPO before 1980. We find that the 1985 IPO firms were more profitable, operationally more...

This authoritative Handbook provides a comprehensive account of migration and economic development throughout the world, in both developed and developing countries. Some of the world's most experienced researchers in this field look at how population redistribution patterns have impacted on...

This important Handbook reveals that most urban growth takes place in the less developed world and much of it represents over-urbanization – that is, urbanization in which most migrants cannot effectively compete for employment, cannot find adequate shelter and do not have the means to...

The risk-free rate is an important input in one of the most widely used finance models: the Capital Asset Pricing Model. Academics and practitioners tend to use either short-term Treasury bills or long-term Treasury bonds as the risk-free security without empirical justification. This study...