M. Laurentius Marais, An Application of the Bootstrap Method to the Analysis of Squared, Standardized Market Model Prediction Errors, Journal of Accounting Research, Vol. 22, Studies on Current Econometric Issues in Accounting Research (1984), pp. 34-54

Michael W. Maher, M. Laurentius Marais, A Field Study on the Limitations of Activity-Based Costing When Resources are Provided on a Joint and Indivisible Basis, Journal of Accounting Research, Vol. 36, No. 1 (Spring, 1998), pp. 129-142

M. Laurentius Marais, James M. Patell, Mark A. Wolfson, The Experimental Design of Classification Models: An Application of Recursive Partitioning and Bootstrapping to Commercial Bank Loan Classifications, Journal of Accounting Research, Vol. 22, Studies on Current Econometric Issues in Accounting Research (1984), pp. 87-114

This paper investigates effects of going-private buyout proposals made from 1974 to 1985 on the value and default risk of convertible and nonconvertible debt and preferred stock securities. Positive average price reactions are documented for public convertible securities and nonconvertible preferred stock; many of these issues are redeemed as part of the buyout. Most nonconvertible debt securities remain outstanding without renegotiation after buyouts, and minimal average price reactions are documented for public nonconvertible debt. Following successful buyouts the proportion of debt in the capital structure more than triples on average, and most rated debt securities experience downgradings in Moody's ratings.