This study examines the information content of seven FAS No. 8 related key events on the security returns of firms affected by the accounting rule. The Box and Tiao intervention analysis was used, which combines the univariate ARIMA(p,d,q) (auto‐regressive integrated moving average) modeling with a statistical impact assessment. Results indicate that security returns of firms investigated have generally exhibited patterns of small positive blips (abrupt onsets, temporary durations, and rapid decays) around the time of the appointment of the task force as well as at the date of issuance of the exposure draft. Résumé. Cette étude examine le contenu informationnel de sept événements importants entourant le FAS no 8 sur les rendements des titres d'entreprises affectées par la règle de comptabilité. L'analyse d'intervention Box‐Tiao fut utilisée, méthode où la modélisation ARMNI (p.d.q) à une variable aléatoire est combinée à une évaluation de l'impact statistique. Les résultats indiquent que les rendements des titres émis par les firmes étudiées ont présenté des structures de petites oscillations positives (croissance brutale, durée temporaire et déclin rapide) autour des moments de nomination du groupe d'étude et de publication de l'exposé sondage.

This study, based on Holland's theory, examines the relationship between accountants' personality types and their commitment to work in various occupational settings and organizational levels. Empirical evidence on this subject may have useful implications for personnel selection and job design in public accounting firms as well as in industry. The results show that conventional and enterprising types were the most frequent among the 1206 Canadian CAs and 810 California CPAs who participated in the study. In addition, a larger proportion of sole practitioners and partners in small firms tend to be of the conventional type, whereas the enterprising type comprises the largest proportion of partners in large firms. Canonical correlations indicate that accountants' commitment to both profession and organization is essentially related to their scores as conventional and enterprising types. Résumé. Fondée sur la théorie de Holland, cette étude porte sur les relations entre les types de personnalités de comptables et leur dévouement au travail, à l'intérieur de milieux de travail et de niveaux organisationnels divers. Les informations de nature empirique issues de cette question peuvent possiblement influencer les activités de sélection de personnel et de conception de tâches au sein des cabinets d'experts‐comptables et de l'industrie. Les résultats indiquent une fréquence élevée des types de personnalité conformiste et entreprenant parmi les 1206 c.a. canadiens et les 810 c.p.a. de Californie ayant pris part à l'étude. De plus, une forte proportion de practiciens autonomes et d'associés de petits cabinets se trouve dans le type de personnalité conformiste, tandis que le type entreprenant est composé surtout d'associés de grands cabinets. Des corrélations canoniques montrent que le dévouement des comptables à l'organisation et à la profession est surtout relié à leurs scores de types conformiste et entreprenant.

The 1970 and 1979 Current Population Surveys are used to compute the personal distribution of income. The major innovation in this paper is that all individuals in the household are not treated identically. In particular, children receive a different proportion of income than do adults. That proportion is estimated. Its variations with respect to household characteristics are discussed, and a final distribution of personal income is computed. That distribution has considerably fatter tails than does the one normally used.

This paper uses discrete-time and continuous-time models to derive equilibrium relations among real and nominal interest rates and the expected growth, variance and covariance parameters of optimally chosen paths for aggregate real consumption and aggregate production. Simple, intuitive and fairly general relations are obtained which apply to most of the models of financial economics of the past 20 years. The single-good analysis generalizes and provides a synthesis of many prior works, whereas the multi-good analysis provides more original results. Consistent business cycle movements are examined for interest rates, inflation and consumption and production aggregates.

A new approach to the measurement of welfare distributional change and social mobility is developed. The novel feature of this model is the use of price dependent measures of individual and social welfare in evaluating t he magnitude and direction of the movement in the distribution. In addition, the proposed indexes of mobility are decomposed into the sum of between-group and w ithin-group mobility. Each measure is implemented for the United States over the period 1947-1982. It is found that in each year society is upwardly mobile rela tive to the 1947 distribution.

Extending Baily's model of the productivity slowdown to the manufacturing sectors of five other countries, we find that a decline in the growth of capital services, reflected in declines in the stock market, can explain much of the 1973-1978 decline in productivity abroad as well as in the United States. We also show, however, that the stock market declines often preceded the declines in productivity growth, and the model is less successful when the sample period is extended through 1981.

The Federal Trade Commission's Line of Business data imply that the effect of an industry's seller concentration on profitability has been misinterpreted because it has not been conditioned on capital intensity. Conclusions that market share rather than seller concentration is the primary structural determinant of profitability, and that mutual dependence recognized among oligopolistic sellers is less important than superiority effects of large-share firms, appear unwarranted. Significant firm effects exist, and explanatory power for a conventional model of structure and performance is found to be small relative to that of the general linear model within which the conventional model is nested.