Back Matter

Back MatterSource: Financial Management, Vol. 19, No. 2 (Summer, 1990), pp. 88-112Published by: Wiley on behalf of the Financial Management Association InternationalStable URL: http://www.jstor.org/stable/3665637 .

Accessed: 18/06/2014 14:42

Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at .http://www.jstor.org/page/info/about/policies/terms.jsp

.JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range ofcontent in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new formsof scholarship. For more information about JSTOR, please contact [email protected].

.

Wiley and Financial Management Association International are collaborating with JSTOR to digitize, preserveand extend access to Financial Management.

http://www.jstor.org

This content downloaded from 185.2.32.90 on Wed, 18 Jun 2014 14:42:51 PMAll use subject to JSTOR Terms and Conditions

http://www.jstor.org/action/showPublisher?publisherCode=black

http://www.jstor.org/action/showPublisher?publisherCode=fma

http://www.jstor.org/stable/3665637?origin=JSTOR-pdf

http://www.jstor.org/page/info/about/policies/terms.jsp


ANNOUNCEMENT TO FMA MEMBERS

The Financial Management Association is concerned about any problems you might be having with our association. If you are having any difficulty, please contact:

Philip L. Cooley Trinity University 715 Stadium Drive

San Antonio, TX 78284

1990 FINANCE DOCTORAL STUDENT SEMINAR

The Eleventh Annual FMA Doctoral Student Seminar will take place on October 24 as part of the 1990 Annual Meeting of the Financial Management Association in Lake Buena Vista, FL. The seminar is by invitation only. To apply, interested students or their faculty advisor should send a completed application form and a 5-10 page dissertation proposal or abstract by Wednesday, August 1, to:

Lemma Senbet University of Maryland

College of Business and Management College Park, MD 20742

FINANCIAL MANAGEMENT ASSOCIATION Call for Nominations of Officers and Directors

The election of officers and directors to serve terms beginning at the conclusion of the 1991 Annual Meeting will be held in early 1991. The nominating committee is soliciting your recommendations for nominees for the various offices. The officers and directors to be elected are as follows:

President, 1992-1993 Vice President, 1993 Program

Vice President in Charge of Awards, 1992-1993 Vice President in Charge of Membership Services, 1992-1993

Middlewest Regional Director, 1991-1993 Southeastern Regional Director, 1991-1993 Southwestern Regional Director, 1991-1993

Institutional Director (3), 1991-1993

Please send your nominations to:

Jack S. Rader Executive Director

Financial Management Association College of Business Administration

University of South Florida Tampa, FL 33620

88



F Financial M Management MEMBERSHIP APPLICATION-INDIVIDUAL

A Association Membership in FMA includes an annual subscription to the quarterly journal, Financial Management. In addition, members of

FMA receive substantial discounts on registration fees for FMA Annual Meetings, article submission fees, and Placement Clearinghouse fees. Special publications, such as the FMA Membership Directory, are also provided as a service for members.

The Financial Management Association offers you a unique opportunity to interact with the top professionals in finance, to stay current with the latest in practice and theory, and to contribute your own expertise to the profession. You are encouraged to complete and return this application. Your membership - and your subscription to Financial Management - will start immediately.

PLEASE COMPLETE BELOW AND RETURN TO FMA

Membership and Subscription Class (check one) Payment: Annual dues include a one-year subscription to the equarterly journal, Financial Management. Make check payable

[ Regular $40 to the Financial Management Association. O Ph.D/DBA Student $20 E Sustaining $45 Subscriptions outside the U.S.: Payment should be made in El Postage outside of the U.S. $6 additional U.S. dollars. Drafts not drawn on a U.S. bank should include

(2nd class) an additional U.S. $20 to cover collection charges.

For Office Use Only Postage: Postage outside the U.S. $6 additional. Airmail postage is available. If you would like information on airmail

Acct. ------ ( N) rates, check here. O

(Please type or print)

Name: A(9) First Middle Initial Last

Address: Mem. Exp. A(39) 4S A

A(69) A(73) A(80) B(9)

City State Zip6as B B(39) B(66) B(68) B(73)Z B(80)

Country B(39)*

PRIMARY TELEPHONE: AC NUMBER Q (7) (80)

SECONDARY TELEPHONE: AC NUMBER P (7) (80)

INSTITUTION: (if not part of address)

TITLE -

PROFESSIONAL INTERESTS Please provide the following additional information to enable us to identify your professional interests.

I ACADEMIC O III Research/Professional Interest (CHOOSE THREE) NON-ACADEMIC 101 Agency Theory 121 Investment Banking

II Primary Area of Employment, Teaching or Research 102 APT/CAPM 122 Leasing ACADEMIC NON-ACADEMIC 103 Bankruptcy 123 Macrofinance

104 Bonds 124 Management of (CHECK ONLY ONE) (CHECK ONLY ONE) 105 Capital Budgeting Financial Institutions 001 Accounting 020 Accounting 106 Capital Structure 125 Market Efficiency 002 Economics 021 Brokerage 107 Commercial Banking 126 Mergers/Acquisitions 003 Finance (Corporate) 022 Commercial Banking 108 Computer/Info Systems 127 Mutual Funds/ 004 Finance (Investments) 023 Communication Serv./Publishing 109 Consumer Finance Institutional Investors 005 Finance (Institutions) 024 Consulting 110 Corporate Finance 128 Portfolio Management 006 Finance (Insurance) 025 Energy 111 Cost of Capital 129 Real Estate 007 Finance (Real Estate) 026 Financial Institution-Non-bank 112 Dividend Policy 130 Regulated Industries 008 Finance (General) 027 Food Service 113 Financial Analysis 131 Risk 009 Management 028 Government 114 Financial Education 132 Security Regulation/ 010 Marketing 029 Health Care 115 Financial Planning- Exchange 011 College/University 030 Manufacturing Corporate 133 Small Business

Administration 031 Non-Profit 116 Financial Planning- 134 Statistical Techniques 012 Other 032 Public Utilities Personal 135 Systems Analysis/Design 033 Real Estate 117 Futures/Options 136 Valuation 034 Retailing/Wholesaling/Servicing 118 Insurance 137 Working Capital 035 Transportation/Distribution 119 International Management 036 Other 120 Investments 138 Other

Please mail this form with payment to: Financial -Management Association College of Business Administration, University of South Florida, Tampa, Florida 33620, Telephone: (813) 974-2084



SUBSCRIPTION APPLICATION - LIBRARY

(Use this form or your regluar purchase order or order through your agency.)

Please make checks in U.S. dollars drawn on a U.S. bank payable to the FINANCIAL MANAGEMENT ASSOCIATION. Postage outside the U.S. $6 additional

Subscription: $60 per year. Ol Payment enclosed. [l Please send bill.

Fill in name and mailing address as you would like it to NOTE: Back issues are available. If you would like information appear. regarding availability and cost, indicate below the name and

address to whom correspondence should be addressed:

NAME:

BUSINESS TELEPHONE TITLE:

ADDRESS:

CITY STATE ZIP International Standard Serial

Number. US ISSN 0046-3892

FUTURE FMA MEETING SITES

October 24-27, 1990 Lake Buena Vista (Orlando) (Marriott Hotel)

October 14-17, 1991 Chicago (Hyatt Hotel)

October 13-16, 1992 San Francisco (St. Francis Hotel)

October 12-15, 1993 Toronto (Sheraton Hotel)

October 12-15, 1994 St. Louis (Adam's Mark Hotel)

October 15-18, 1997 Honolulu (Hilton Hotel)

90



FMA GOES TO ORLANDO!

The Twentieth Annual Meeting of the Financial Management Association will be held on October 24-27, 1990 at the Marriott World Center Hotel. With over 1,500 rooms and 30 in-house conference rooms, the Marriott promises to be an exceptional convention locale. Located near Walt Disney World's Epcot Center, the Marriott is in close proximity to some of the world's most exciting attractions, restaurants, and theme parks.

The Orlando area offers a wealth of pre- and post-meeting diversions-from the serenity of the surrounding countryside and the beauty of the lake region to the stimulation of the area's attractions. A sampling of the attractions include:

SHOPPING-ORLANDO AREA

The Church Street Station Exchange: Dozens of specialty shops and restaurants in a multilevel retail center in an enchanting Victorian setting.

Flea World: America's largest market under one roof with over 1,500 dealer booths, the Flea World Zoo, and specialty home decor and sports and recreation centers.

Walt Disney World Shopping Village: Located on the Lake Buena Vista lagoon, the Walt Disney World Shopping Village is a state-of-the-art shopping, dining, and entertainment complex.

DINING

Dining in the Orlando area ranges from the simple to the sublime-from sandwiches to steaks to sumptuous Florida seafood!

THEME PARKS AND RECREATION

The Orlando area abounds with attractions ranging from romantic dinner cruises on the St. John's River to all-day excursions. These attractions include:

Cypress Gardens Featuring famous Florida folliage and authentic antebellum-garbed hostesses

Disney/MGM Studios Featuring unique back-lot tours and audience participation

River Country An old-time "water hole" featuring white water rapids, water slides, and nature trails

Sea World of Florida Home to Shamu, the Killer Whale and the Penguin Encounter

Silver Springs Home of Florida's famous glass bottom boats

Spaceport USA Featuring tours of Kennedy Space Center and "The Dream is Alive," a profile of the space shuttle program

Universal Studios of Florida Featuring a working motion picture and TV studio as well as attractions based on E.T., Jaws, Back to the Future, and King Kong!

Walt Disney World Including the Magic Kingdom and Epcot Center

Information on local arrangements such as lodging and transportation can be obtained from:

Edward A. Moses Rollins College

Roy Crummer Graduate School of Business Winter Park, FL 32789

Information on meeting registration, hotel registration, discounted travel rates, and the program of the Annual Meeting will be forwarded to all FMA members in early August 1990. Further information may be obtained from:

Financial Management Association University of South Florida

College of Business Administration Tampa, FL 33620

(813) 974-2084



FMA ELECTION OF OFFICERS AND DIRECTORS

The Financial Management Association (FMA) is pleased to announce the results of the 1990 election of officers and directors. Their terms of office will begin at the conclusion of the 1990 FMA Annual Meeting in Orlando.

President (1991-1992) Ronald W. Melicher

University of Colorado-Boulder

Vice President-Annual Meeting (1992) Philip L. Cooley

Trinity University

Vice President-Membership Services (Elect) Edward A. Moses Rollins College

Vice President--Awards (Elect) James W. Wansley

University of Tennessee

Northeast Regional Director (1990-1992) Joanne Hill

Paine, Webber

Pacific Coast Regional Director (1990-1992) Russell J. Fuller

Washington State University

Canadian Regional Director (1990-1992) John Hull

York University

Institutional Directors (1990-1992)

Ira G.Kawaller Chicago Mercantile Exchange

Donald H. Peters EG&G, Inc.

Robert Sefton Ameritech

92



FINANCIAL MANAGEMENT ASSOCIATION PROFESSIONAL GRANTS AND AWARDS

FMA Annual Meeting Competitive Papers Awards

The Annual Meeting Competitive Papers Awards encompass the areas of:

* Financial Institutions (sponsored by South-Western Publishing Company) * Financial Management (sponsored by Richard D. Irwin, Inc.) * Fixed Income Research (sponsored by the Fixed Income Analysts Society, Inc.) * Futures or Options on Futures (sponsored by the Chicago Board of Trade) * Investments (sponsored by the American Association of Individual Investors)

Only papers accepted for presentation at the FMA Annual Meeting are eligible. Formal presentation of the awards will be at the FMA Annual Meeting.

AAII Doctoral Dissertation Grant

The American Association of Individual Investors, an independent nonprofit corporation formed to provide educational materials on investments for individuals, has funded an annual grant of $6,000 in support of research in the field of investments. Doctoral candidates with accepted proposals are encouraged to apply for this grant.

All grant proposals will be reviewed jointly by the FMA and the AAII. The grant will be awarded on the basis of academic rigor and potential contribution to effective investment decision making. Investments, for the purposes of this grant, is defined to include investment analysis, investor behavior, financial markets, portfolio management, and related topics.

Applications for the grant should include the title and description of the accepted proposal, the name and address of the chairperson of the dissertation committee, the estimated completion date, and a statement describing the progress of the research to date. The application should not exceed four (4) pages in length. Send the above information no later than August 1, 1990 to:

Jack S. Rader, Executive Director Financial Management Association College of Business Administration

University of South Florida Tampa, FL 33620

The grant recipient will be announced at the FMA Doctoral Student Seminar on October 24, 1990 at the Twentieth FMA Annual Meeting in Lake Buena Vista.

93



FMA Student Programs The Financial Management Association's Student Program is rapidly expanding and now includes over 265 Student

Chapters and National Honor Societies throughout the world. FMA Student Programs have two components - FMA Student Chapters and FMA National Honor Societies. Local FMA Student Chapters are student finance organizations which participate in a variety of professional, educational, and social activities. The National Honor Society extends this concept by recognizing individuals who have attained a high level of scholarship and academic achievement. Honor Society members hold the distinction of belonging to the only national honorary for students of finance.

Membership Benefits to Students

CAREER INFORMATION AND CONTINUING FINANCE EDUCATION THROUGH FMA PUBLICATIONS

Careers in Finance Each member of an FMA Student Chapter receives a copy of the 52-page booklet, Careers in Finance. This publication contains 34 position descriptions which have been compiled from a survey taken of junior, middle, and senior financial managers. Careers in Finance offers a comprehensive listing of finance positions with detailed information about what candidates can expect to encounter on the job as well as what skills are necessary in the "real world."

The Financial Management Collection The Financial Management Collection, published three times during the academic year, regularly features career advice along with state-of-the-art information from leading finance practitioners and academics.

Financial Management Student members receive a free subscription to Financial Management. The journal contains some of the most important articles written on both the theory and practice of finance.

PROFESSIONAL DEVELOPMENT THROUGH CHAPTER ACTIVITIES

FMA Finance Leaders' Conferences The FMA Finance Leaders' Conference is held each spring and provides an opportunity for students to meet with students from other FMA Student Chapters. Financial executives, academics and others who are in leadership positions discuss career opportunities, offer insights on what skills and attitudes are necessary to succeed in finance and finance-related careers, and comment on the future of finance and business.

Professional Involvement Employers frequently look at professional memberships and affiliations as a sign of commitment and an indication of a person's ability to work with and lead others. FMA student chapters provide evidence of this commitment and offer an opportunity to develop and demonstrate professional skills.

FMA Student Chapter Awards Program Affiliated chapters can also participate in the national FMA Student Chapter Awards Program. This program provides well-deserved national recognition for active finance clubs and allows chapters to measure their performance against chapters throughout the United States and Canada. Cash prizes are awarded to outstanding chapters each year.

FMA Annual Meeting The FMA Annual Meeting is held each October. Special sessions at the FMA Annual Meeting allow students to discuss current issues and developments with leading professors and practitioners in the field of finance.

Benefits to the College Educators who offer FMA membership to their students through FMA's Student Chapter and National Honor Society Program help insure that their students' educational experience is the best it can be by providing them with an opportunity to begin their professional development while they are still in school. Furthermore, FMA Student Chapters and National Honor Societies offer a unique opportunity to establish a liaison between the business college and the business community. Your department's visibility in the local business community will increase as chapters invite finance practitioners to participate in chapter activities such as career panels and speaker programs.

How to Establish an FMA Student Program at Your School

The chartering procedure is very simple. The central office will provide you with the forms and applications you need. Once you have obtained the appropriate signatures, return the documents to the central office for approval. There is no chartering fee. Individual FMA national student memberships are $20.00 annually or two years for only $35.00. Members of both the Student Chapter program and the National Honor Society receive all of the above benefits. If you would like more information about affiliating your finance club with the Financial Management Association or starting a chapter at your school, contact:

Karen A. Wright Financial Management Association College of Business Administration

University of South Florida Tampa, Florida 33620

(813) 974-2084



Financial Management Placement Clearinghouse Positions Available and Positions Desired

Position Available Listing: Organizations, academic and non-academic, wishing to list a position opening should indicate in about 50 words: the position title, description of duties, salary range (optional), starting date, application deadline, and name and mailing address of person or department to be contacted. Academic administrative openings may be listed on either a coded or noncoded basis. A publication fee of $50 payable to the Financial Management Association should accompany the listing. Organizations desiring a more extensive position listing announcement should contact the Managing Editor about a display ad.

Position Available Listings for Visiting (one-year or less) Appointments: (including summer only) should be clearly identified so that this information can be included.

Position Desired Listing: Persons wishing to list their interest in a new position should describe in about 25 words their field(s) of interest, highest academic degree, relevant experience, type of position desired, salary (optional) desired, and location preference. Applicant listings will be coded and respondents should refer specifically to the code when writing the Placement Clearinghouse. A publication fee of $50 (non-FMA members) or $25 (FMA members) made payable to the Financial Management Association should accompany the position desired listing.

Position Desired Listings for Visiting (one-year or less) Appointments: (including summer only) should be clearly indentified so that this information can be included.

Publication Information: Announcements of positions available and positions desired will run for two consecutive issues unless a shorter period is requested. The publication of display ads is subject to arrangements with the Managing Editor. Listing announcements and display ad copy should be sent to: Tammy Jones, c/o Prof. James S. Ang, Florida State University, College of Business Administration, Department of Finance, R53-G, Tallahassee, FL 32306-1042.

Submission deadlines for listing announcements are: Submission Deadline: Feb. 10 May 9 Aug. 11 Nov. 7 Publication Date: March 30 June 30 Sept. 30 Dec. 30

Listings received after the respective submission deadlines will be published in the current issue if space permits.

The Placement Clearinghouse acts solely as a distribution point for forwarding inquiries and takes no responsibility for selecting applicants or following up on results.

Positions Available

Assistant Director ASEAN Development/Finance. Needed by Seattle based nonprofit corporation. Responsible for development of education and training programs in the ASEAN region, including recruitment of prospective students and professionals into various programs; financial management responsibilities including annual, monthly, and daily budget tracking and administration; formulation and execution of budgetary requirements; investments of surplus cash reserves; projection and analysis of cash flows; and analysis of each division's current financial position. Must have B.A. in Business Administration with a major in Finance or a B.A. in Finance, absolute fluency in at least two ASEAN languages and English, and two year's residence in or cultural study of Malaysia or Indonesia. 40 hours a week, $24,000 a year. Send resume by July 30, 1990, to: JOB #192269-L, Employment Security Department, ES Division, Olympia, WA 98504

95



FINANCIAL MANAGEMENT ASSOCIATION 1990 PLACEMENT DIRECTORIES

As part of its continuing service to the profession, the Financial Management Association (FMA) will sponsor the 1990 Placement Clearinghouse for doctoral candidates, degree holders, and their prospective employers in finance and its related desciplines. FMA's placement services offer the most comprehensive listings of people and positions in the finance market.

1990 FMA Directory of Distributed on September 1, 1990 to FMA's professional Positions Available membership (over 4,400 doctoral candidates, finance faculty,

and financial executives).

1990 FMA Resume Book Distributed on September 1, 1990 to prospective employers.

FMA ANNUAL MEETING PLACEMENT CLEARINGHOUSE AND MESSAGE CENTER

At the FMA Annual Meeting each October, the Placement Clearinghouse sponsors a message center to expedite communications between prospective employers and candidates for positions available. Each candidate/employer is assigned a unique message number. This number is linked to a message board to expedite the efficient transfer of messages between interested parties.

Copies of the FMA Directory of Positions Available and the FMA Resume Book are available for reference. Position and resume listings which were not included in the placement books are accepted for inclusion in the books at the meeting and are specially designated as "new listings."

FEES: Individuals/Institutions listing resumes/positions in the FMA placement books are automatically pre-registered at no additional fee for the Annual Placement and Message Center. All individuals using the

Message Center must be registered for the FMA Annual Meeting.

The FMA Placement Clearinghouse will be operating during the Annual Meeting at the following times:

October 24, 1990 Wednesday 3:00 p.m. - 8:00 p.m. October 25, 1990 Thursday 8:00 a.m. -5:00 p.m. October 26, 1990 Friday 8:00 a.m.-5:00 p.m. October 27, 1990 Saturday 8:00 a.m. - 11:30 a.m.

96



AMERICAN GRADUATE SCHOOL OF INTERNATIONAL MANAGEMENT CHAIRPERSON, WORLD BUSINESS DEPARTMENT

Thunderbird seeks applications for the position of Chairperson, World Business Department. This position is a three-year, renewable appointment beginning in August of 1991. Applicants should possess a PhD/DBA in business, economics, or related field and be qualified at the Associate or Full Professor level. International business experience is preferred. The department chair provides leadership to thirty full-time faculty and approximately five adjunct professors. Thunderbird demands excellence in teaching and expects and supports research productivity.

Thunderbird has been a leader in international business education for over forty years and is located in the Phoenix metro area. Enrollment is limited to 1,300 full-time graduate students studying for the Master of International Management degree. Approximately 25% of the students come from abroad. More than 50 countries are represented in the current student body. Applicants should send a letter and vitae to:

Dr. Dennis Guthery Chairman, Search Committee World Business Department

American Graduate School of International Management 15249 North 59th Avenue

Glendale, AZ 85306

Application deadline is October 1, 1990. Thunderbird is an Affirmative Action Equal Opportunity Employer.

UNIVERSITY OF A UCKLAND, AUCKLAND, NEW ZEALAND FACUL TY POSITIONS AVAILABLE Department ofAccounting and Finance

The Department of Accounting and Finance at the University of Auckland (New Zealand) has openings for visitors in Finance as part of its ongoing staffing plan. We prefer having visitors for a full year but can accommodate a variety of schedules including over the northern summer. Teaching is at the undergraduate, MBA, MCommerce, and PhD levels. Involvement in executive development programs is also possible. We are particularly interested in visitors who are currently active in research in Finance. Our Finance faculty is expanding and has a strong research emphasis. The two Professors in Finance have PhDs from Michigan and Stanford.

We can offer an enjoyable experience both personally and professionally with a reasonable financial package. Specific salary arrangements will depend upon the circumstances.

Send letter of interest and curriculum vitae to:

Professor David M. Emanuel Department of Accounting and Finance

University of Auckland Private Bag

Auckland, New Zealand

97



B NTLY CO0 EDAR F.IBON CAIRI IANC

Bentley College is seeking candidates for an endowed professorship in finance. The professorship is known as The Edward F. Gibbons Chair in Finance, after the late Edward F. Gibbons, Class of 1948, and, until his death, Bentley trustee and chairman and chief executive officer of the F.W. Woolworth Company.

The ideal candidate should be recognized by the finance profession as an outstanding teacher-scholar and is expected to bring to the position a record of contribution to the finance profession substantial enough to merit appointment as a tenured full professor.

Located in suburban Boston, Bentley is an independent, coeducational institution, known for its leadership in the education of business professionals. Bentley's undergraduate and graduate business programs are accredited by the American Assembly of Collegiate Schools of Business.

S Bentley College 175 Forest Street, Waltham, MA 02154-4705

Nominations and applications should be addressed to: Dean H. Lee Schlorff, Bentley College, 175 Forest Street, Waltham, MA 02154-4705.

El Pomar Chair in Finance University of Colorado at Colorado Springs

The University of Colorado at Colorado Springs announces its search to fill the recently established El Pomar Chair in Finance. The university is seeking an individual with a distinguished career in teaching, research and publication, as well as demonstrated leadership in service and professional activities. A strong preference exists for a person with special interest, experience, and expertise in start-up and early stage financing, particularly venture capital finance and investment. An earned doctorate is required and appropriate corporate or government service is preferred.

The chair will provide leadership for the continuing development and growth of the Finance area in the College and will participate in the COLORADO INSTITUTE FOR TECHNOLOGY TRANSFER AND IMPLEMENTATION, which has been created to facilitate translating innovative technological ideas into new enterprises. The Center, the Chair, and two Chairs in the College of Engineering and Applied Sciences have been funded by the El Pomar Foundation and the University of Colorado.

The selected individual will be a tenured Professor of Finance at the University. The undergraduate and graduate programs of the College of Business and Administration are accredited by AACSB.

No later than December 15, 1990, nominations, applications, and inquiries should be directed to:

Dr. Paul B. W. Miller, El Pomar Chair Search Committee College of Business and Administration University of Colorado at Colorado Springs Colorado Springs, Colorado 80933-7150 (719) 593-3590

University oldo SngUCCS is an Equal Opportunity/Affirmative Action Employer



INTERNATIONAL UNIVERSITY OF JAPAN FINANCE POSITIONS

The International University of Japan (IUJ) is seeking applicants for positions in Finance for the MBA (graduate only) program. Positions are available at all ranks for either a tenure track or visiting position. Particularly sought are specialists in International Financial Management and Investments. The successful candidates must hold a Ph.D. or equivalent or be ABD and near completion, and have some teaching experience. The program is taught in English.

IUJ is a relatively new graduate university with an international studies orientation. The university is located in Niigata prefecture, Japan, about 1.5 hours from Tokyo. The goal of the MBA program is to be a graduate business program of international quality and prominence. Toward this aim are our affiliation with the Amos Tuck School of Business Administration (USA) and the offering of internationally competitive salaries for faculty. All faculty are invited to join the IUJ Research Institute located both on campus and in Tokyo. The institute provides faculty with unusual access to research and consulting opportunities in Japan. Those interested in applying should send a letter of application, a copy of curriculum vitae, and recent publications or research to:

Professor Ram Willner Professor Takato Hiraki Amos Tuck School of Business Administration International University of Japan

Dartmouth College Yamato-Machi, Minami Uonuma-Gun Hanover, NH 03755 USA Niigata 949-72 JAPAN

THE CENTER FOR BANKING AND FINANCIAL INSTITUTIONS FLORIDA INTERNATIONAL UNIVERSITY

ANNOUNCES

THE EQUITABLE FOUNDATION HISPANIC DOCTORAL FELLOWSHIP

The Center for Banking and Financial Institutions and the Department of Finance of the College of Business Administration at Florida International University invite applications from Hispanic students to pursue doctoral studies in the Department of Finance under a grant from the Equitable Foundation. The fellowship carries a stipend of $10,000 per year for three years. The selected candidate, after passing the finance comprehensive examination, will be designated the Equitable Foundation Fellow.

Applications, nominations, and requests for further information and award criteria may be obtained by writing or calling:

Professor Arun Prakash Chairman and Ph.D. Program Coordinator in Finance

College of Business Administration Florida International University

University Park Miami, FL 33199 (305) 348-2680

99



LINCOLN UNIVERSITY CHRISTCHURCH, NEWZEALAND

TRUST BANK VISITING PROFESSORSHIP IN FINANCE AND INVESTMENTS

The Department of Accounting and Valuation at Lincoln University is seeking applications for the Trust Bank Visiting Professorship in Finance and Investments. The Professorship has been funded to foster future development in Finance and Investment education.

The Trust Bank Professorship is awarded annually as a visiting appointment, designed to enable a senior Professor to take up a teaching and research position for one teaching term, either March-June or July-Oc- tober. The first appointment is scheduled for 1991.

The person selected must have demonstrated teaching excellence as well as significant scholarly research and publication. Experience in executive education will be viewed favorably. During the term the Professor will be expected to undertake teaching and some executive extension work as well as providing a referral point of research guidance.

The basic qualifications are a PhD/DBA and a record of excellence in teaching and research to warrant a tenured full Professorship. Applicants are preferred to have a strong disciplinary background in financial institutions or investments. The position has been designed to suit senior Professors who, through their local leave conditions, are able to take up a paid visiting appointment in another University for a 3 to 4-month period. Return air travel for the appointee will be met by the University.

Lincoln University is one of the seven Universities in New Zealand with currently over 700 students studying for business and management degrees in which finance and accounting are major disciplines. There are 40 full-time faculty in Business.

Lincoln is located on the outskirts of Christchurch, a city of 300,000. The city has two universities, a medical school, and is the largest city in the South Island. It has direct international air links to Europe, Asia, and North America. Quality of life is highly rated. Further information can be obtained from Professor Roger Juchau, Department of Accounting and Valuation, Phone (64) (3) 252-811. Conditions of Appointment and method of application can be obtained from:

A.J. Sargison Registrar

P.O. Box 94 Lincoln University

Canterbury, NEW ZEALAND Fax: (64) (3) 252-965

Lincoln University is an equal opportunity employer.

100



NATIONAL UNIVERSITY OF SINGAPORE DEPARTMENT OF FINANCE AND BANKING

LECTURERS/SENIOR LECTURERS/ ASSOCIATE PROFESSORS

Applications are invited from candidates who are able to teach in one or more of the following areas at the BBA and MBA levels:

Accounting Bank Management Financial Markets and Institutions International Finance and Banking Risk Management and Insurance

Applicants should possess a PhD degree from an accredited university. Those who expect to complete their doctoral programme soon may also apply. New PhD holders begin their career as Lecturers.

Besides appointments on normal 3-year contracts, visiting appointments for one to two years may be considered. Gross annual emoluments range as follows:

Lecturer S$50,390 - 64,200 Senior Lecturer S$58,680 - 100,310 Associate Professor S$88,650 - 122,870

(US$1.00 = S$1.87 approximately)

The commencing salary will depend on the candidate's qualifications, experience and the level of appointment offered.

Leave and medical benefits will be provided. Depending on the type of contract offered, other benefits may include: provident fund benefits or an end-of-contract gratuity, a settling-in allowance of S$1,000 or S$2,000, subsidised housing at nominal rentals ranging from S$100 to S$216 p.m., education allowance for up to three children subject to a maximum of S$10,000 per annum per child, passage assistance and baggage allowance for the transportation of personal effects to Singapore. Staff members may undertake consultation work, subject to the approval of the University, and retain consultation fees up to a maximum of 60% of their gross annual emoluments in a calendar year.

The Department of Finance and Banking is a department in the Faculty of Business Administration. There are 8 faculties in the National University of Singapore with a current student enrolment of some 14,000. All departments are well-equipped with a wide range of facilities for teaching and research.

All academic staff have access to the following computer and telecommunication resources: an individual microcomputer (an IBM AT-compatible or Apple Macintosh); an IBM mainframe computer with 16 MIPS of computing power; an NEC SX supercomputer with 650 MFLOPS of computing power; departmental laser printers; a wide spectrum of mainframe and microcomputer software; voice-mail; BITNET to access academic institutions world-wide. In addition, a proposed campus network based on state-of-the-art optical fibre technology will be installed by end of 1990 to facilitate resource sharing and electronic communication for the academic community. An on-line library catalogue will also be accessible by the middle of 1990.

Application forms and further information on terms and conditions of service may be obtained from: The Director The Director Personnel Department North America Office National University of Singapore National University of Singapore 10 Kent Ridge Crescent 55 East 59th Street Singapore 0511 New York, N.Y. 10022, U.S.A.

Tel: (212) 751-0331

Enquiries may also be sent through BITNET to: PERSDEPT @ NUSVM, or through Telefax: (65) 7783948

101



I

NEW IN 1990 FROM McGRAW-HILL

Bowlin/Martin/Scott: GUIDE TO FINANCIAL ANALYSIS, 2/e

Johnson/Slottje: CASE STUDIES IN FINANCE USING EXCEL

Johnson/Slottje: CASE STUDIES IN FINANCE USING LOTUS

Levi: INTERNATIONAL FINANCE: The Markets and Financial Management of Multinational Business, 2/e

Smith: CASE PROBLEMS AND READINGS: A Supplement for Investments and Portfolio Management

Smith: THE MODERN THEORY OF CORPORATE FINANCE, 2/e

McGrow-Hill J McGraw-Hill Publishing Company Your P.O. Box 443 FinaHnce Publsher MI " Hightstown, NJ 08520



CALL FOR PAPERS

Third Annual Pacific-Basin Finance Conference

June 10-12, 1991 Hotel Shilla, Seoul, Korea

The Ssangyong Investment & Securities Co., Ltd. of Korea and the Pacific-Basin Capital Markets Research Center at The University of Rhode Island will sponsor the Third Annual Pacific-Basin Finance Conference In Seoul, Korea, on June 10-12, 1991. Academicians as well as practitioners are cordially invited to participate. Papers on international finance, corporation finance, investment, and options/ futures are welcome.

Papers submitted will be evaluated by the review committee. Fifteen papers will be selected for inclusion in Pacific-Basin Capital Markets Research: Volume III. Three competitive research grants will be awarded on the basis of quality and relevance to the Pacific-Basin capital markets. The amount of each grant is US$3,000. Partial travel support will be provided to authors of papers accepted for inclusion in Volume III. The deadline for submitting papers or detailed abstracts is December 1, 1990. Authors will be notified of the review committee's decisions no later than March 15, 1991. Please send five copies of papers or detailed abstracts to: Drs. S. Ghon Rhee and Rosita P. Chang, Program Chairs Pacific-Basin Capital Markets Research Center College of Business Administration, The University of Rhode Island, Kingston, RI 02881-0802, USA Phone: (401) 792-5807 or 5105 * Fax: (401) 792-4312

PACAP DATABASES FOR KOREA, TAIWAN, AND THAILAND

NOW AVAILABLE FOR SUBSCRIPTION The Pacific-Basin Capital Markets (PACAP) Databases for Korea, Taiwan, and Thailand are now available for subscription from the Pacific-Basin Capital Markets Research Center at The University of Rhode Island. These databases provide nine years of securities data from 1980 to 1988. Subsequent subscriptions will provide annual updates, as well as additional historical data, dating back to 1975. Targeted completion dates for unfinished databases are listed next to each country: The Philippines (1991); Indonesia (1991); Japan (1991); Hong Kong (1991); Malaysia (1991); Singapore (1992); Australia (1992); and New Zealand (1992). Each country's database will be supplied on magnetic tape and will contain eleven files: Company File; Monthly Stock Price and Returns File; Monthly Indices File; Monthly Market Returns File; Daily Stock Price and Returns File; Daily Indices File; Daily Market Returns File; Capital Distributions File; Financial Statements File; Foreign Exchange Rates File; and Holiday File. Annual subscription fees for the PACAP Databases are: * Korea $4,000 * Taiwan $3,000 * Thailand $3,000 Academic subscriber's discount: Academic subscribers receive a 60% discount off the regular subscription fee and are entitled to package discounts for the purchase of two or more countries' databases. To subscribe to the PACAP Databases, contact: Pacific-Basin Capital Markets Research Center College of Business Administration, The University of Rhode Island, Kingston, RI 02881-0802, USA Phone: (401) 792-5807 or 5105 * Fax: (401) 792-4312



CALL FOR PAPERS THE FOUNDA TION FOR RESEARCH IN INTERNATIONAL BANKING AND FINANCE

The Foundation for Research in International Banking and Finance (FRIBF) will accept for review papers on international banking and finance issues for publication in its annual journal: Recent Developments in International Banking and Finance. This journal will be published in a book form by Elsevier North Holland by December 1991.

Papers dealing with "Risk Measurement and Management: Focus on Europe," covering financial and political risk and the new instruments and strategies emerging in the financial markets, will be selected for presentation at the sixth annual symposium to be held in West Berlin in May 1991. The number of papers selected for presentation will be limited to five. Also, up to five authors of papers dealing with other topics will be invited, at FRIBF expense, to participate in the symposium.

The papers must be original research at the cutting edge of the field and submitted for exclusive consideration by the symposium editorial board.

Papers submitted will be screened by Professor Sarkis J. Khoury, Editor-in-Chief, and sent on for blind review by the editorial board (two members minimum). The papers will be reviewed with the same rigor as JFQA, e.g., reviews submitted papers. The resulting book, therefore, constitutes not a book of proceedings but a journal published in a book forum once a year.

The members of the editorial board are: Sarkis J. Khoury, Editor-in-Chief, University of California-Riverside; Michael Adler, Columbia University; Tamir Agmon, University of Southern California; Bernard Dumas, The Wharton School; Gunter Dufey, University of Michigan; Alo Ghosh, Editor-International Banking, McKin- sey & Company; Michael Granito, J.P. Morgan Investment Management, Inc.; Robert A. Haugen, Editor-In- ternational Corporate Finance, University of California-Riverside; Adolf-Friedrich Jacob, The Koblenz School of Corporate Management; Donald Lessard, MIT; Maurice Levi, University of British Columbia; Richard Levich, NYU; Lars Oxelheim, The Industrial Institute of Economic and Social Research and University of Gothenburg-Sweden; Peter Ritchken, Case Western Reserve University; Eduardo Schwartz, UCLA; Lemma Senbet, University of Wisconsin-Madison; Rene Stulz, Ohio State University; Alexandre Swoboda, Institut Universitaire de Hautes Etudes Internationales.

The deadline for submitting papers is January 15, 1991; those submitting papers well before the deadline will improve the probability of having their papers selected for presentation provided the papers meet the objectives and the qualitative requirements of the symposium.

Please send papers to:

Professor Sarkis J. Khoury, Editor-in-Chief Graduate School of Management

University of California, Riverside Riverside, CA 92521

FRIBF is sponsored by: The Philadelphia Stock Exchange, The Options Clearing Corporation,Asian Finance, University of Gothenburg-Sweden, and The Koblenz School of Corporate Management-West Germany. J.P. Morgan Investment Management, Inc. and Michael Granito contribute annually. Many banks support the activities of the Foundation in different ways.

104



CALL FOR PAPERS AND PARTICIPANTS

THIRD ANNUAL INTERNATIONAL SMALL FIRM FINANCIAL RESEARCH SYMPOSIUM

FLORIDA STATE UNIVERSITY TALLAHASSEE, FLORIDA

APRIL 25-26, 1991

The international symposium on Small Firm Financial Research offers a forum for exchange of research ideas related to advances in small firm finance. Given the vital role of the small firm in a free economy, the objective of the symposium is to encourage research in the field.

Papers received will be screened by the Program Committee and will be sent for blind review before a national editorial board.

The research papers may be theoretical, empirical or an application. Almost any area concern- ing the small firm finance and economics can be considered. The following is an incomplete list of such topics: 1. Initial public offerings as a source for small firms. 2. The market for venture capital as well as Informal Capital. 3. Innovations in small business financing (e.g. ESOPs and asset-based financing). 4. Financial institutions and small business financing. 5. Deregulation of small business financing. 6. Agency relations, information asymmetry, size factor. 7. Valuation of small businesses. 8. Models for predicting small business failure. 9. Other related areas like international operations, leasing, LBOs, private placement....

Submission of papers for presentation Please send 4 copies of either a completed paper or a 3-page, double-spaced abstract no later than OCTOBER 10, 1990, to the program chairperson at the address below. Besides the cover page with information about the author(s) as well as the title, please include a second page that contains only the title of the research.

Dr. Jerome S. Osteryoung 1991 Program Chair College of Business

Florida State University Tallahassee, Florida 32306-1042

(904) 644-7898

105



THE UNIVERSITY OF NEW SOUTH WALES THE THIRD ANNUAL AUSTRALASIAN FINANCE AND BANKING CONFERENCE

November 29-30, 1990

The Centre for Banking and Finance at the School of Banking and Finance, UNSW, will be hosting the Third Annual Australasian Finance and Banking Conference in Sydney on Thursday and Friday, November 29-30, 1990. Expressions of interest are now sought from those who may like to attend, present a paper, or act as a discussant. Those interested in presenting a paper are invited to send abstracts for review by July 15. Completed papers will be required by September 14, 1990. For information, contact:

The Organizing Committee Australasian Finance and Banking Conference

School of Banking and Finance University of New South Wales

P.O. Box 1, Kensington Sydney, NSW 2033

Australia Phone: (02) 697-3535

Fax: (02) 313-6347

CALL FOR PAPERS MID WEST FINANCE ASSOCIA TION

1991 ANNUAL MEETING

April 4-6, 1991 St. Louis, MO

The Midwest Finance Association will hold its fortieth annual meeting at the Adams Mark Hotel in St. Louis, MO, April 4-6, 1991. Research papers in all areas of finance will be considered for inclusion in the program.

Persons interested in presenting their research should submit four copies of a completed paper or an abstract. Abstracts may not exceed three pages (including bibliography), single spaced. Participants interested in organizing panels, tutorials, or other special sessions should send four copies of a proposal explaining the topic and format.

Awards of $1,000 each will be presented by the American Association of Individual Investors and the Chicago Board of Trade to authors of the best papers in the areas of investments and futures/options on futures.

The deadline for all submissions is September 15, 1990. For further information, contact:

Professor Dixie L. Mills MFA Program Chair

322 Williams Hall Illinois State University

Normal, IL 61761 (309) 438-8388

106



1991 MEETING OF THE SOUTHWESTERN FINANCE ASSOCIATION

Dates March 13-16, 1991 Place: Houston, TX

Hyatt Regency Houston Deadline for Program Participation: September 7, 1990 Contact:

Dennis T. Officer Vice President and Program Chair Southwestern Finance Association

Department of Finance University of Kentucky Lexington, KY 40506

Information regarding hotel arrangements, membership, and subscriptions to the Journal of Financial Research is available from

Barry R. Marks Secretary-Treasurer

Southwestern Finance Association College of Business

University of Houston-Clear Lake Houston, TX 77058

CALL FOR PAPERS JOURNAL OF ECONOMICS AND BUSINESS

SPECIAL ISSUE ON GLOBALIZA TION OF FINANCIAL MARKETS

The Journal of Economics and Business plans a special issue on globalization of financial markets. Relevant topics, although not exhaustive, may include:

* Interdependence of global financial market 0 International portfolio diversification * Exchange and political risk management 0 International arbitrage and equilibrium pricing relationship * Cross-border mergers and acquisitions * Global security offerings

? Foreign exchange markets * Innovations in international finance

Deadline for submission is January 31, 1991. Manuscripts should be sent in triplicate to the guest editor:

Cheol S. Eun College of Business and Management

University of Maryland College Park, MD 20742

107



Financial Accountability & Management Summer 1990 Editor: John Perrin Vol. 6 No. 2

Contents

Corporatisation and Asset Valuation for a Government Corporation

by JOHN BUCHANAN AND ROBERT G. BOWMAN

A Model of Financial Accountability and the Church of England

by RICHARD LAUGHLIN

Running Costs Control in UK Central Government

by COLIN THAIN AND MAURICE WRIGHT

The Financial Impact of Abolition

by CHRIS SKELCHER

Subscriptions 1990 volume

UK Europe Rest of North

only the World America

Institutions, libraries and professional ?39.00 ?46.00 ?49.00 $81.50

Teachers or students ?17.00 ?19.50 ?21.00 $35.00

Journal of Business Finance &Accounting and Financial Accountability & Management (combined rate) Institutions, libraries

and professional ?83.50 ?90.00 ?100.00 $166.00 Teachers or students ?38.50 ?44.00 ?46.50 $77.00

Order from Journals Dept., Basil Blackwell Ltd., 108 Cowley Road, Oxford, OX4 1JF, UK. Editorial communications to Financial Accountability and Management, Department of

Economics, University of Exeter, Amory Building, Rennes Drive, Exeter EX4 4RJ, England.



Journal of Business Finance & Accounting Summer 1990 Editor: Richard Briston Vol. 17 No. 3

Contents A Problem in the Detection of Superior Investment Performance

by D.J. ASHTON

A Stock Market Evaluation of Management Buyouts by GERALD P. MADDEN, LYNN W. MARPLES AND LAL C. CHUGH

Insider Trading: Some Evidence on Market Efficiency and Directors' Share

Dealings in Great Britain

by P.F. POPE, R.C. MORRIS AND D.A. PEEL

An Integrated Evaluation of Investment in Inventory and Credit: A Cash Flow Approach by YONG H. KIM AND KEE H. CHUNG

Assessing the Information Content of Narrative Disclosures in Explaining Bankruptcy by B. MACK TENNYSON, ROBERT W. INGRAM AND MICHAEL T. DUGAN

Corporate Bonds, Term Structure Expectations and Optimal Portfolios: The Canadian Experience by TOM BARNES AND DAVID BURNIE

Sensitivity of Acquiring Firms' Returns to Alternative Model Specifications and Disaggregation by KAREN E. LAHEY AND ROBERT L. CONN

On Exchange Rate Changes and Stock Price Reactions by CHRISTOPHER K. MA AND G. WENCHI KAO

Empirical Comparisons of Distributional Models For Stock Index Returns by J. BRIAN GRAY AND DAN W. FRENCH

A Note on Insider Trading and Issuances of Restricted-Voting Common Shares by VIJAY M. JOG AND ALLAN L. RIDING

Using Bayesian Betas to Estimate Risk-Return Parameters: An Empirical Investigation by J. AUSTIN MURPHY

Subscriptions 1990 volume

Rest of UK Europe the World North America

Institutions, libraries and professional ?70.50 ?78.50 ? 83.50 $138.50 Teachers or students ?33.50 ?38.00 ? 40.00 $ 66.50

Journal of Business Finance &Accounting and Financial Accountability & Management (combined rate)

Institutions, libraries and professional ?83.50 ?94.00 ?100.00 $166.00 Teachers or students ?38.50 ?44.00 ? 46.50 $ 77.00

Order from Journals Dept., Basil Blackwell Ltd., 108 Cowley Road, Oxford, OX4 1JF, UK. Editorial communications toJBFA, Department of Accountancy, University of Hull, Hull HU6 7RX, UK.



JOURNAL OF FINANCIAL MANAGEMENT AND ANALYSIS International Review of Finance

Volume 2, Number 2 July-December 1989

Contents:

Foreword

JFMA Earns International Recognition

World Organizations Consider JFMA as an Authoritative Guide to Decision Making

Financial Management Indicators to Aid Decision Making (Statistics)

Tillmann, G. Suggested Refinements to the Theory of Equity and Taxation: Towards Welfare Maximization

Kharabe, P. Risk-Return Relationship for Single Family Dwellings in Salt Lake City of and Chandy, P.R. the State of U.S.A.: A Methodological Approach

Choudhury, S. Capitalization Rates and Valuation of Closely Held Businesses

Schmitz, A. A Statistical Test for Determining the Functional Relationship Between Wheat Acreage and Price Changes: The Canadian Economy in Perspective

Siebel, H.D. Linking Formal and Informal Institutions: A Savings and Credit Scheme for and Marx, M.T. Small Producers in Rural Areas

Om Sai Ram Centre for Financial Management Analysis of Inflationary Gap and Agricultural Loan Financial Management Administration: Empirical Evidence from a Developing Country Research and Training

Soyibo, A. Markovian Analysis of Commercial Banks' Loan Retirement-A Case Study and Aiyodogbun, K.

Swamy, M.R.K. Why Do Developing Countries with Inadequate MIS Land into External Debt Trap? A Financial Management Analysis

Research Note Nwankwo, A.E. How Foreign Exchange Misallocation Leads to Business Recession: An

Application of "Wald-Wolfowitz Runs Test"

Financial Management Digest A. A Call for an International Anti-Corruption/Bribery Act B. Mechanics of Counter Trade

Professional Announcements

Annual subscription: US$65 or in equivalent convertible foreign currencies. Subscription may be sent to:

Managing Editor Journal of Financial Management and Analysis

Om Sai Ram Centre for Financial Management Research and Training 15 Prakash Cooperative Housing Society

Relief Road, Juhu, Santacruz (West) Bombay 400 054, INDIA

110



Managerial and Decision Economics EDITOR-IN-CHIEF Ira Horowitz College of Business Administration, University of Florida, Gainesville FL 32611, USA

EDITORIAL BOARD (from 1990) David Gautschi INSEAD, Boulevard de Constance, 77305 Fontainebleau, France

Steven Thompson University of Manchester, Institute of Science and Technology, P.O. Box 88, Manchester, M60 1QD, UK

Mark Hirschey School of Business, University of Kansas, Lawrence, KS 66045, USA

BOOK REVIEW EDITOR Professor Roger R. Betancourt Department of Economics, University of Maryland, College Park, MD 20742, USA

WILEY

The Leading Forum for Management Economics and Decision Making

Managerial and Decision Economics (MDE) publishes only the highest quality manuscripts dealing with economic problems in the field of

managerial and decision economics. Theoretical and empirical studies of advertising, competitive strategy, diversification, financial decisions, forecasting, innovation, managerial labor markets, market for corporate control, pricing and production are emphasized. Policy studies on topics related to the role of government in the market economy (antitrust, regulation, public enterprise) are also featured. Therefore, like the field of managerial and decision economics, MDE embraces research across a broad spectrum of economic enquiry.

Mathematical Programming Models for Discriminant Analysis Guest Editor, Gary Kochler

Over the past seven years considerable research has been devoted to mathematical programming models for determining linear discriminant functions. Discriminant analysis is a widely used classification procedure in the social sciences, business, life sciences and other areas.

With the recent excitement caused by the commercial success of expert systems and executive support systems, classification methods have taken on a new significance. The acknowledged bottleneck of expert system development is knowledge acquisition. Classification methods can be used as inductive methods for deriving rules for expert systems or other knowledge-based applications. Methods that are inherently distribution free are of particular importance since seldom does one satisfy the assumptions of classical discriminant analysis in concept-acquisition settings.

Mathematical programming models for deriving discriminant functions are distribution free and, thus are ideal candidates for knowledge acquisition.

SUBSCRIPTION DETAILS Volume 10 (1989) UK: ?85.00 Elsewhere: US$150.00 Volume 11 (1990) 5 issues UK: ?95.00 Elsewhere: US$170.00

For a free sample copy/or full details of this journal please write to: Sarah Stevens, John Wiley & Sons Ltd, Baffins Lane, Chichester, West Sussex P019 lUD, England



SOUTHERN FINANCE ASSOCIATION MEETING ANNOUNCEMENT

Dates: November 29-December 1, 1990

Place: Savannah, GA Hyatt-Regency

Program: Jimmy E. Hilliard 430 Stokely Management Center The University of Tennessee Knoxville, TN 37996 (615) 974-2724

CALL FOR PAPERS MANAGERIAL FINANCE

SPECIAL ISSUE ON FINANCIAL MANAGEMENT OF PROXY CONTESTS

Managerial Finance is a quarterly journal published by the Management Centre at the University of Bradford, U.K., and circulated in seventy-plus countries. Papers should be about 5,000 words and should focus on some

aspect of the proxy contest (e.g., its impact on firms' performance, how it affects shareholders' wealth, a

comparison between the proxy contest and the tender offer as a means of control, etc.). Both theoretical and

empirical papers are welcome. Please send your paper for publication consideration by October 30, 1990, to:

Professor Tarun K. Mukherjee Special Issue Editor, Managerial Finance Department of Economics and Finance

University of New Orleans New Orleans, LA 70148

112



Financial Management's Style Notes for Prospective Authors

9 The purpose of Financial Management is to serve both executives and academicians concerned with financial management of non-financial businesses, financial institutions, and public and private not-for-profit organizations. Editorial policy is to promote interest and knowledge of issues in management and decision-making at the level of the firm. The principal criteria of publishability are instructiveness and clarity.

* Submit manuscripts to the Editor at the address shown on the masthead of the journal. FOUR copies are required.

* Each paper must be accompanied by a submission fee for manuscript evaluation: $40 for non-FMA members, $20 for members. The journal includes information on joining the FMA. Make checks payable to Financial Management.

* Manuscripts are evaluated anonymously. Names of authors should not appear on the article itself. Attach to only one copy a separate cover page which includes the title, authors, and title and affiliation of each author. Double-space text with ample margins.

* To each copy attach a short one paragraph abstract of the article on a separate page, headed by the title of the paper.

* Avoid tedious mathematical expression. When algebraic terms do appear in the text, accompany them with a clear prose explanation of the content. Place derivations and proofs in an appendix. Provide supplemental sheets showing all steps of algebraic derivations so that the reviewers do not have to re-generate them.

* Place references in a numbered, alphabetic list at the end of the article in the form currently found in the journal. Cite references in the text by placing the appropriate reference number in brackets, e.g., [6]. * Minimize extensive content footnotes. Type footnotes on separate page(s) at end of manuscript, double-spaced.

* Tables, charts, and graphs should appear on separate pages labeled in numerical order and grouped at the end of the paper. Refer to all as Exhibits, not tables or figures. Include marginal notation in the article for the approximate placement of each of these exhibits.

* Authors of accepted articles must supply camera-ready artwork of all charts or graphs. Camera-ready means a professional drawing on white paper in India ink. Labels should be already typeset and pasted onto the drawing. Type title(s) of Exhibit(s) and footnotes, if any, on a separate page.



F

M

A



Date post:	15-Jan-2017
Category:	Documents
Upload:	dangdien
View:	214 times
Download:	1 times

Back Matter

Documents