A FURTHER UNDERSTANDING OF STOCK DISTRIBUTIONS: THE CASE OF REVERSE STOCK SPLITS

In this study we analyze reverse stock splits and demonstrate that the total risk of returns to reverse splitting securities declines after the split, yet systematic risk remains essentially unchanged. In general, securities have negative abnormal stock returns at reverse split announcements, though smaller companies have stronger negative reactions. Companies forced to reverse split have positive wealth effects.     

A review of stata 2.1

STATA 2.1 offers state-of-the-art data management features and statistical procedures capable of handling very large data sets. Its graphics capabilities are excellent as well. Although the package performs a respectable array of econometrics procedures quickly and easily, its menu of available techniques is relatively weak compared to existing econometrics packages. However, since STATA plans a new release to be aimed at the econometrics market, this shortcoming could be mitigated substantially in future versions.     

Mimic,an alternative programming language for industrial dynamics

One of the recent quantitative tools available to economists and planners, in business and government, is a technique known as industrial dynamics (Refs. [2, 3, 5, 8]). After briefly describing this technique, this article shows how the MIMIC language can be used as a short-cut to industrial dynamics computations. The intent is to describe this programming language in sufficient detail to allow the reader to judge its capabilities and ease of use.     

Putting human resource management at the line manager level

Line managers are in an excellent position to benefit the company by the practice of good human resource management techniques, as long as they have the support and guidance of top management.     

Creating a convivial communications society

Telecommunications policies are traditionally governed by such factors as industrial productivity and national economic independence. Lorne Peterson believes that the social and cultural aspects are equally vital and calls for a new approach that considers computer and communications technologies as helpful tools in the development of a convivial and democratic society.