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作者：FOSTER, TW; KOOGLER, PR; VICKREY, D
作者单位：Texas State University System; Texas State University San Marcos; Arizona State University; Arizona State University-Downtown Phoenix
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作者：JONES, SK; PONEMON, LA
作者单位：Babson College; State University of New York (SUNY) System; Binghamton University, SUNY
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作者：ALCIATORE, ML
摘要：The purpose of this article is to investigate the information content of the change in the standardized measure (CSM) disclosure reported by oil and gas producers as assessed by market participants. Previous research by Doran et al. (1988) suggests that selected components of the CSM disclosure have a modest influence on share prices. This study reexamines this issue with a more homogeneous sample of oil and gas producers (e.g., excluding Canadian firms), and investigates all ten components of...
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作者：HAYES, RD; MILLAR, JA
作者单位：University of Arkansas System; University of Arkansas Fayetteville
摘要：THE ''extension'' of Hayes and Millar (1990) by Mensah and Li (1993) brings up essentially two areas of controversy. First, Mensah and Li find fault with our ''implied'' assumption of cross-sectionally fixed cost shares. Second, their use of an additional measure of output (AT) and an alternative measure of technology (TE) raises questions regarding model specification. In this rejoinder, we discuss these two areas of concern in order to address any previous omissions, needed clarifications, o...
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作者：SHAW, WH; WIER, HA
作者单位：University of Alberta
摘要：The Tax Reform Act of 1986 reduced individual income tax rates below that of corporations. The fear that this would lead to a systematic disincorporation has not apparently materialized since the major stock exchanges report that only about 100 partnerships were traded during the next five years.1 Scholes and Wolfson (1992) suggest that this result is predictable because of the additional nontax costs of operating as a partnership, which include increased transactions costs, more restricted ac...
