This volume contains contributions on a range of important issues in current financial research. Topics included are - the performance of fixed income mutual funds in different economic states, the determinants of long-term excess performance of the ADRs on the NYSE, the models for forecasting...

Eleven papers in this volume present some current interesting and important research in finance. Based upon the CAPM, Chen and Kane show that double taxation and differential tax rates on a personal and capital-gains income, affect corporate stock values and financial policies in nonneutral...

Introduction / Andrew H. Chen -- Corporate ownership is not always the best policy / John W. Kensinger, Stephen L. Poe -- The information content of corporate investment announcements : the case of joint ventures / Arthur J. Keown, Paul Laux, John D. Martin -- An expanded study on the stock...

Introduction / Andrew H. Chen -- Ownership structure, agency costs and dividend policy / Mukesh Bajaj, Anand M. Vijh, Randolph W. Westerfield -- Managerial entrenchment and the effectiveness of internal governance mechanisms / Mark M. McNabb, John D. Martin -- An empirical analysis of the...