We examine the information benefits of R&D capitalization in the UK after the adoption of IFRS (which mandates capitalization of development costs). Using the successful efforts model of Healy et al (2002), we examine whether information provided by capitalization helps to explain current stock...

Range forecasts have evolved to be the most common form of management forecasts. Prior studies typically use the midpoint to evaluate analyst reaction to range forecasts, implicitly assuming that analysts place equal weights on the upper and the lower bounds of management range forecasts. We...

1 Introduction -- 2 The Economics of Public Utility Regulation: An Overview -- Commentary by William M. Dugger -- 3 Pricing and the Electric Utility Industry -- Commentary by John Wenders -- 4 Telecommunications Regulation — The Continuing Dilemma -- Commentary by Basil L. Copeland, Jr. -- 5...

UK's fiscal profligacy is exacerbating the downturnIn the twenty-sixty IEA Discussion Paper, Professor David B. Smith examines M4X as a measure of the supply of broad money.It has been argued that quantitative easing (QE) is designed to prevent a collapse of broad money. However, the official M4...