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Externalities and the Core
Earnings Retention, New Capital and the Growth of the Firm: A Comment
The Relative Power of the T-Test: A Furthering Comment
The Effect of Diversification on Industry Profit Performance in 241 Manufacturing Industries: 1963
U NFORTUNATELY, economic theory and existing empirical evidence provide little insight into the effects of diversification on industry performance. This is partially due to the fact that most previous empirical studies of diversification have been concerned with tabulating the extent of,1 or motives for,2 diversification. In order for the antiitrust authorities to develop a rational policy toward conglomerate mergers, it will be necessary to determine the competitive consequences of diversification. This study attempts to provide some empirical evidence on the effects of diversification by examining the relationship between industry price-cost margins and diversification.3 Specifically, the study examines the general proposition that diversification is an element of industry structure and the more narrow hypothesis that diversification raises barriers to entry into an industry. The study is based on a sample of 241 four-digit manufacturing industries from the 1963 Census of Manufactures. The primary testing technique is multivariate regression analysis. Results of the analysis provide tentative support for the proposition 'that diversification has a systematic influence on price-cost margins which may be attributable to certain barriers to entry.
Accounting Implications of Federal Tax Reform: A Research Study.
Abstract The article reviews the book "Accounting Implications of Federal Tax Reform: A Research Study," by W. L. C. Wallace.
Using Accounting Information: A Simulation.
Abstract The article reviews the book "Using Accounting Information: A Simulation," by Gary M. Cadenhead and Wayne A. Label.
Intermediate Accounting.
Abstract Reviews the book "Intermediate Accounting," 3rd ed., by Glenn A. Welsch, Charles T. Zlatkovich and John Arch White.
Cases in Financial Management.
Abstract The article reviews the book "Cases in Financial Management," by Avery B. Cohan and Harold E. Wyman.
The Demand for Money: A General-Equilibrium Inventory-Theoretic Approach
Journal Article The Demand for Money: A General-Equilibrium Inventory-Theoretic Approach Get access George A. Akerlof George A. Akerlof University of California, Berkeley Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 40, Issue 1, January 1973, Pages 115–130, https://doi.org/10.2307/2296743 Published: 01 January 1973