Based on a sample of 126 recently promoted faculty, different standards for full professor are observed between top 20 finance departments and lower ranked departments. Full professors affiliated with a top 20 department place an average of 1 out of 3 articles in either Journal of Finance, Review of Financial Studies, or Journal of Financial Economics compared to 1 out of 6 articles for professors at lower-ranked schools. Total citations and cites per year are also significantly different between top- and lower-ranked departments, but total articles and articles per year are not significantly different between these two groupings.

Both bond rating agencies and stock analysts evaluate publicly traded companies and com? municate their opinions to investors. Comparing the timeliness of each, we find that Granger causality flows both ways. While most bond downgrades are preceded by declines in actual and forecast earnings, both actual earnings and forecasts of future earnings tend to fall following downgrades. Although part of this post-downgrade forecast revision can be attributed to negative news regarding actual earnings, most appears to be reaction to the downgrade itself. We find little change in actual earnings following upgrades. Analysts, however, tend to increase their forecasts of future earnings.

Lives Saved or Lives Lost? The Effects of Concealed-Handgun Laws on Crime Author(s): Hashem Dezhbakhsh and Paul H. Rubin Source: The American Economic Review, Vol. 88, No. 2, Papers and Proceedings of the Hundred and Tenth Annual Meeting of the American Economic Association (May, 1998), pp. 468-474 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/116969 Accessed: 05/09/2008 17:45

Reviews the book "International Accounting and Finance Handbook," 2nd ed., edited by Frederick D.S. Choi.

Reviews the book "The Foundation: A History of the Australian Accounting Research Foundation, 1966-91," by Geoff Burrows.

Reviews the book "Target Costing and Value Engineering," by Robin Cooper and Regine Slagmulder.

Reviews the book "Trademark Valuation," by Gordon V. Smith.

Reviews the book "Accounting and Science," edited by Michael Power.

Reviews the book "Intrafirm Trade and Global Transfer Pricing Regulation," by Roger Y.W. Tang.