This paper estimates volatility changes in daily returns to the Dow Jones Industrial Average
over the sample period 1897 through 1988. This allows a direct investigation of the reaction …

… The comparative statics, ~e perform exploit the local continuity and differentiability of the
optimal policies. Since the shareholder's objective is not concave, there may be a set of values …

… of electronic formats. Some content that appears in print may not be available in electronic
… Professor Talmor is a seasoned private equity practitioner and has been a director of …

This study explores multiple means of governance and monitoring in bank holding companies
and their impact on performance and executive compensation. We exploit variables …

This paper explores the advantage of private equity in fixing turnaround situations.
Meaningful corporate value creation may require addressing operational problems, replacing …

As is shown in the financial literature, the assumption of perfect and costless information often
leads to the conclusion that corporate financial decisions are inconsequential to the value …

We examine the valuation role of customer acquisition cost, retention and usage in the wireless
industry during the period 1997–2004. We develop and test a model that links customer …

… first to interest and then to principal (see Baron 4 and Talmor, Haugen and Barnea 26). The
complications … We can specify the cash flow to equityholders, X E , and bondholders, X B , as: …

… Q from t to e. Precise … e that targets any particular agent A. When such a message is removed
from Q (in Step 1), the oldest message in Q that targets A and has status t gets new status e. …

Flow regimes for nonfoaming and foaming two‐phase downflow through catalyst beds are
correlated in terms of the superficial volumetric gas‐to‐liquid ratio and a force ratio relating …