This study explores the importance of capturing industry-specific distributional characteristics in analyses based on financial ratios. As a test case, the study replicates Palepu (1986), who employs financial ratios in logit models to investigate the usefulness of six acquisition hypotheses in...

This study explores the importance of capturing industry-specific distributional characteristics in analyses based on financial ratios. As a test case, the study replicates Palepu (1986), who employs financial ratios in logit models to investigate the usefulness of six acquisition hypotheses in...

Outlines various criticisms of the corporate practice of having the same individual as chief executive officer and chairman of the board but recognizes that it may also have some benefits. Uses data from a sample of US firms bidding in takeovers from 1985‐1990 to explore the relationship...

<title>ABSTRACT</title> In response to much criticism for having lost touch with corporate America, the M.B.A. has been analyzed and reshaped in many of our schools. This article provides a report on the extent and nature of the restructuring movement. The findings are based on a survey of accredited M.B.A....