The primary purpose of the study was to investigate whether takeover markets are allocationally efficient using Tobin's q as the variable which summarizes the investment opportunities of firms. Chapter I presented the purposes, hypotheses, methodology, and limitations of the study. The two hypotheses proposed were as follows: Acquiring firms' q should be significantly higher than that of control firms, on average, and target firms' q should be significantly lower than that of control firms, on average. Chapter II presented the review of literature on takeovers and theory of investments. Chapter III presented the research design adopted to test the above hypotheses. The methodology to calculate q-values and methods to reduce the bias which may result from choice-based sampling were also given. A paired comparison t-test was employed to test the hypotheses. Sample firms were selected from the COMPUSTAT RESEARCH and COMPUSTAT INDUSTRIAL tape.

A young man, out of college and work, sets out to make his mark on the world, by winning the endurance sport of the eighties: the Hawaiian Ironman Triathlon. As he eats, sleeps and breaths "Ironman," he shuts others out of his life because he feels that he must do it alone for the victory to be genuine; a philosophy that has been dogging him all his life.

This study provides information about convertible preferreds generally and, in particular, those used in financing mergers during the period 1968-1984. Specifically, the following topics are examined: (1) traditional corporate motives for the use of convertible preferreds as a financing means in mergers and acquisitions, (2) annual data about convertible preferreds' issuance by volume and purpose for the period 1968-1984, (3) average annual returns of merger-related convertible preferreds and average annual returns of common stock of the same companies for the period 1968-1980, (4) performance of convertible preferreds in relation to the market in general, and (5) the future of convertible preferreds as a financing instrument in merger activity.

Few areas of research in the finance literature have received greater attention than the efficient market hypothesis. Much of the research has been directed toward the securities market while very little research has been done in the real estate markets. The existing research on real estate market efficiency has been either descriptive or illustrative with very little empirical testing being performed. The major reason for the lack of empirical testing has been the inability to develop an adequate data base. The results of the empirical work that has been done do not support the widely held belief that real estate markets are inefficient. This study, using the autoregressive-integrative-moving average (ARIMA) time series analysis technique, tests the weak-form efficiency of the Dallas-Fort Worth office properties real estate market. According to the weak-form efficient market hypothesis, all price information should be capitalized into current real estate prices and not provide the basis for earning abnormal returns in trading. Price data formed from office building sales dating from January, 1979 to January, 1985 are used to test the market. The data was gathered from the files of several professional appraisal firms located in the Dallas-Fort Worth area. The transaction information includes (1) transaction …

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Weekly newspaper from Bridge City, Texas that includes local, state, and national news along with advertising.

Weekly newspaper from San Diego, Texas that includes local, state, and national news along with advertising.

Weekly Jewish newspaper from Houston, Texas that includes local, state, and national news along with advertising.

Weekly Jewish newspaper from Fort Worth, Texas that includes local, state, and national news along with extensive advertising.

Weekly newspaper from Dell City, Texas that includes local, state, and national news along with advertising.

Weekly newspaper from Corpus Christi, Texas published by the Diocese of Corpus Christi that includes news of interest to Diocese members along with advertising.

Weekly newspaper from Bridge City, Texas that includes local, state, and national news along with advertising.

Weekly newspaper from San Diego, Texas that includes local, state, and national news along with advertising.

Weekly Jewish newspaper from Houston, Texas that includes local, state, and national news along with advertising.

Weekly Jewish newspaper from Fort Worth, Texas that includes local, state, and national news along with extensive advertising.

Weekly newspaper from Dell City, Texas that includes local, state, and national news along with advertising.

Weekly newspaper from Corpus Christi, Texas published by the Diocese of Corpus Christi that includes news of interest to Diocese members along with advertising.

Weekly newspaper from Bridge City, Texas that includes local, state, and national news along with advertising.

Weekly newspaper from San Diego, Texas that includes local, state, and national news along with advertising.