... and for the success, or otherwise, of investment strategies based on the existence of a value premium. © MCB UP Limited 2003 Accounting research Share prices Intangible assets Portfolio investment Theory USA Volume 29 Number 10 2003 57 The Value Premium: Rational, Irrational or Random by Angela J...

... undervaluation and higher subsequent returns. Volume 29 Number 10 2003 39 Thus from Hall s theory of rational valuation of intangible assets and the meanreversion theory of stock prices, I develop these null and alternative hypotheses: The null hypothesis is that a higher value of inferred intangible assets...

... 2003 Accounting research Share prices Volatility Theory Australia Managerial Finance 76 Excess Volatility? The Australian Stock Market from 1883 to 1999 by Richard Heaney, School of Economics and Finance, RMIT Business, RMIT University, Melbourne VIC 3001, Australia Abstract Are share...

...Shahrokh M. Saudagaran Summarizes three theories on the value of multinational companies: internalization, imperfect capital markets and managerial objectives (agency costs); and reviews a comprehensive selection of previous studies of the effects of multinationality and international...

...Isabelle Martinez Outlines the three theories which link multinationality to share value (internalization, imperfect capital markets and managerial objectives), reviews the relevant research and hypothesizes that a multinational’s degree of internalization is positively related to its accounting...

... Theory Malaysia Managerial Finance 52 The Long Run Performance of Malaysian Initial Public Offerings (IPOs): Value and Growth Effects by Albert Corhay, University of Liège and Maastricht University, Department of Finance, Boulevard du Rectorat, 7 (B31), 4000 Liège, Belgium; and Stanley Teo...

... for this and the implications for public policy. © MCB UP Limited 2002 Accounting research Flotation Pricing Return on investment Theory India Volume 28 Number 2 2002 39 The Initial Listing Performance of Indian IPOs* by Chandrasekhar Krishnamurti, Division of Banking and Finance, Nanyang Business School...

... Imperative. Entrepreneurship: Theory and Practice, 21:4, pp.111-118. Levis, M. (1993) The Long-run Performance of Initial Public Offerings: The UK Experience 1980-1988. Financial Management, 22:1, pp.28-41. Lim, K. and E.H.K Ng (1999) A Theory of IPO Pricing with Tender Prices. Applied Financial...

...Ahmed Riahi‐Belkaoui; Ronald D. Picur Discusses three theories on the link between multinationality and investment value (internalization, imperfect world capital markets and managerial objectives) and develops hypotheses on its relationship with the informativeness of accounting earnings...