Paying for undergraduate business education: Recent trends in tuition,income, institution choice,and debt

In 1999–2000, business students borrowed substantially less to pay for their educations than nonbusiness students. By 2011–2012 this difference had disappeared. The authors describe changes in tuition, grants, incomes, and choice of institution type (public, private not-for-profit, or private for-profit) to help explain this observation. They find that an important determinant of whether a student will take debt and how much that student will take is the type of institution the student attended. The authors also find that business students were less likely to borrow than liberal arts and humanities majors in the earlier period, but not in the later period.     

Earnings Management Around Share Repurchases: A Note

This work examines a subset of the important area of earnings management. Specifically, it seeks to identify the extent of earnings management preceding self-tender offers for a sample of U.S. firms. Pre-repurchase total accruals and discretionary current accruals were found to be somewhat lower for a sample of self-tendering firms compared to a sample of industry- and performance-matched control firms. Weak evidence of post-buyback accruals reversal is also presented. The evidence is weakly consistent with the notion that share repurchases are employed by managers to exploit shareholders through earnings management.