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Academy of Accounting and Financial Studies Journal

On the financial characteristics of firms that experienced the highest levels of stock price stability in a period of economic recession

On the financial characteristics of firms that experienced the highest levels of stock price stability in a period of economic recession Bruce C. Payne ABSTRACT Stock price instability or volatility is a measure of risk in holding common stocks, and indeed, it is the basic element in the calculation of Sharpe’s beta. Value Line publishes […]

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Academy of Accounting and Financial Studies Journal

The impact of current tax policy on CEO stock option compensation: a quantile analysis

The impact of current tax policy on CEO stock option compensation: a quantile analysis Martin Gritsch ABSTRACT The increase in stock option compensation has become controversial as disclosures emerge that executives have abused stock option compensation. The Omnibus Budget Reconciliation Act of 1993 gives stock options preferential tax treatment, allowing options to not be subject […]

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Academy of Accounting and Financial Studies Journal

A multi-market, historical comparison of the investment returns of value averaging, dollar cost averaging and random investment techniques

A multi-market, historical comparison of the investment returns of value averaging, dollar cost averaging and random investment techniques Paul S. Marshall ABSTRACT As the title suggests, this paper compares two “formula” or mechanical investment techniques, value averaging (VA) and dollar cost averaging, to a form of random investing to determine if any technique yields superior […]