This study examines the effects of earnings preannouncements on financial analyst and stock price reactions to earnings news. Prior experimental research documents that when the signs of a preannouncement surprise and subsequent earnings announcement surprise are consistent (i.e., both either...

Over the past half century higher education has become an ever more important part of developed economies as an every greater number of young people need to prepare for a more complex world. This paper compares the response to this challenge in France and the US. This is a particularly...

Follicular non-Hodgkin’s lymphoma (FNHL), a slow-growing cancer of the immune system, constitutes about 15–30% of all incident non-Hodgkin’s lymphoma in developed countries. Its incidence is rising worldwide. Patients can live many years, but FNHL is considered incurable. We systematically...

In this study we examine the association among confirming management forecasts, stock prices, and analyst expectations. Confirming management forecasts are voluntary disclosures by management that corroborate existing market expectations about future earnings. This study provides evidence that...

The mass privatization program in Bulgaria was implemented in 1996-97. Following programs in countries like the Czech Republic, more sophisticated regulatory bodies were put into place to prevent the kind of abuses observed elsewhere. This study finds that Bulgaria avoided some of the extreme...

The educational institutions existing under communism were designed to serve a society very different from the democratic market society of Bulgaria today. Reform was clearly needed in content, organization, approach, didactics and methodology. We argue here that while Bulgaria has advantages in...