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Research indicates that one reason to oppose security buy-backs is their legal complexity. A reason to proceed with a buy-backs, of which five types exist, is financial improvement.

This study provides further empirical evidence on incentives for Australian firms to voluntarily report segment information. Various economic reasons many elect to present segment information have been hypothesized in previous research. Bradbury (1992) and McKinnon and Dalimunthe (1993) found firm size, minority interest and industry membership as significant identifiable characteristics motivating voluntary segmental disclosure. Variables found to be insignificant in Bradbury (1992) which were not examined by McKinnon and Dalimunthe (1993) are tested in this paper. Hypotheses relating to size, financial leverage, assets-in-place, earnings volatility, ownership diffusion, outside equity (minority) interest, overseas association as well as diverse and mining and oil classification hypotheses are empirically examined. Univariate tests and multivariate logit analysis suggest that for a extensive sample of diversified firms, voluntary segment disclosure is significantly related to size, leverage and involvement in mining or oil activities. (Reprinted by permission of the publisher.)

This note focuses on information redundancy of cash flow measures reported in and financial ratios derived directly from Cash Flow Statements. Previous research utilised recomputed, 'traditional' and 'refined', measures to proxy for cash flow. Comovements are derived amongst various earnings and cash flow key variable measures, select financial ratios and changes in financial ratios. Key variables' results support the notion that reported cash flows are collected with funds flow and earnings. However, reported cash flows relative to funds flow are less correlated with most of their accrual based counterparts. Cash flows thus have potential to provide new and non-redundant information relative to funds and accruals. Also, the increment benefit of reported, relative to reconstructed cash flow measures is apparent. In light of the above, the merit of cash flow for the specific decision context of identifying suspended firms is investigated. Cash flow data in this context is found to be as useful as, but not superior to, comparable accruals data., This note focuses on information redundancy of cash flow measures reported in and financial ratios derived directly from 'Cash Flow Statements.' Previous research utilized recomputed, 'traditional' and 'refined', measures to proxy for cash flow. Comovements are derived amongst various earnings and cash flow key variable measures, select financial ratios and changes in financial ratios. Key variables' results support the notion that reported cash flows are correlated with funds flow and earnings. However, reported cash flows relative to funds flow are less correlated with most of their accrual based counterparts. Cash flows thus have potential to provide new and non-redundant information relative to funds and accruals. Also, the incremental benefit of reported, relative to reconstructed cash flow measures is apparent. In light of the above, the merit of cash flow for the specific decision context of identifying suspended firms is investigated. Cash flow data in this context is found to be as useful as, but not superior to, comparable accruals data. (Reprinted by permission of the publisher.)

In recent years, academic staff unions and associations have argued for higher salaries for academics on the grounds that existing salaries have not kept pace with inflation, are well below [...]

The article attempts to analyze the results of the favorite versus underdog occurrence at the 2010 FIFA World Cup tournament where the English octopus named Paul emerged as the star when it correctly predicted the outcome of the games. It offers information on the data garnered by the Yahoo! Game, analysis on human-generated statistics versus Paul's, and the degree of confidence in the consensus selection. Tables which include outcomes of match prediction models are also presented.