The author systematically examines one of the important issues of information — establishing the market price. He introduces the concept of «search» — where a buyer wanting to get a better price, is forced to question sellers. The article deals with various aspects of finding the necessary information.

Economics of Information

This article extends earlier research concerning the relationship between corporate social performance and corporate financial performance, with particular emphasis on methodological inconsistencie...

The corporate social performance and corporate financial performance debate twenty-five years of incomparable research

This article extend earlier research concerning the relationship between corporate social performance and corporate financial performance, with particular emphasis on methodological inconsistencies. Research in this area is extended in three critical areas. First, it focuses on a particular industry, the chemical industry. Second, it use multiple sources of data -- two that are perceptually based (KLD Index and Fortune reputation survey), and two that are performance based (TRI database and corporate philanthropy) in order to triangulate toward assessing corporate social performance. Third, it use the five most commonly applied accounting measures in the corporate social performance and corporate financial performance (CSP/CFP) to assess corporate financial performance. The results indicate that the a priori use of measures may actually predetermine the CSP/CFP relationship outcome. Surprisingly, Fortune and KLD Indices very closely track one another, whereas TRI and corporate philanthropy differentiate between high and low social performers and do not correlate to the firm's financial performance.

The Corporate Social Performance and Corporate Financial Performance Debate: Twenty-Five Years of Incomparable Research

We examined the use of event studies in management research and found that there was inadequate attention paid to theoretical and research design issues. This lack of attention may lead to false in...

https://www.jstor.org/stable/pdfplus/257056.pdf

Event Studies In Management Research: Theoretical And Empirical Issues

This is a study in industrial sociology; it a partial report, to be followed by another, of an investigation of singel factory seen in the light of Max Weber's theory of bureacracy.

Patterns of Industrial Bureaucracy.

As an initial step in redirecting research on turnover to focus on its consequences, this study examined the reaction of the securities' market to the deaths of certain key executives. Although dea...

Management Turnover Through Deaths of Key Executives: Effects on Investor Wealth

Large losses, risk management and stock returns in the airline industry

Currently, municipal bonds insured by major insurance firms receive the highest credit rating from rating agencies. The interest rates on regular triple-A municipal bonds, however, have been persistently below those of insured bond issues. The yield spread between insured and uninsured triple-A bonds in the tax-exempt market is examined here, and it is shown that the yield spread may be attributable to split ratings and default-related risks.

P. R. Chandy

Papers

Management Turnover Through Deaths of Key Executives: Effects on Investor Wealth

Large losses, risk management and stock returns in the airline industry

An examination of the yield spread between insured and uninsured debt

Does Market Timing Really Work in the Real World

Commercial Paper Rating Models