User profiles for S. B. Perfect

Steven Perfect

Florida State University
Verified email at cob.fsu.edu
Cited by 1441

Alternative constructions of Tobin's q: An empirical comparison

SB Perfect, KW Wiles - Journal of empirical finance, 1994 - Elsevier
Although Tobin's q is an attractive theoretical firm performance measure, its empirical
construction is subject to considerable measurement error. In this paper we compare five …

Currency and interest-rate derivatives use in US firms

SD Howton, SB Perfect - Financial Management, 1998 - JSTOR
This study examines derivatives use in samples of 451 Fortune 500/S&P 500 (FSP) firms
and 461 randomly selected firms. We find that over 61% of the FSP firms and 36% of the …

The market reaction to straight debt issues: The effects of free cash flow

…, SW Howton, SB Perfect - Journal of Financial …, 1998 - Wiley Online Library
In this paper we measure the market reaction to 937 straight debt issues between 1983 and
1993. We find a negative and significant market reaction to a straight debt announcement. In …

Self-tender offers: The effects of free cash flow, cash flow signalling, and the measurement of Tobin's q

SB Perfect, DR Peterson, PP Peterson - Journal of Banking & Finance, 1995 - Elsevier
… Our approach to the estimation of q follows that of Perfect and Wiles (1993). ” Perfect and
Wiles ( 1993) report that the modified Lindenherg-Ross algorithm exhibited roughly 959 …

The effects of rebalancing on size and book-to-market ratio portfolio returns

P Dennis, SB Perfect, KN Snow… - Financial Analysts …, 1995 - Taylor & Francis
After adjusting for transaction costs and different rebalancing periods, portfolios of securities
selected on the basis of the issuing firm's book-to-market-equity (BE/ME) ratio and size can …

The role of alternative methodology on the relation between portfolio size and diversification

KL Beck, SB Perfect, PP Peterson - Financial Review, 1996 - Wiley Online Library
… Thus, there is perfect control over Type I1 error (0 percent probability) in these tests, but only
mediocre control over Type I error (5 percent). In other words, fixed-level hypothesis testing …

Managerial compensation and firm derivative usage: An empirical analysis.

SD Howton, SB Perfect - Journal of Derivatives, 1998 - elibrary.ru
Provides a test of the significance of the relation between firms' derivatives use and each
class of determinant. Use of nested Tobit models to test the significance of each class of …

The economic effects of client losses on OTC bank derivative dealers: Evidence from the capital market

JA Clark, SB Perfect - Journal of Money, Credit and Banking, 1996 - JSTOR
THE PURPOSE OF THIS PAPER is to evaluate the capital markets' response to the
announcement of OTC derivative losses by four clients of Bankers Trust New York Corporation …

The impact of the day of the week on IPO return autocorrelation and cross-correlation

EJ Higgins, SW Howton, SB Perfect - Quarterly Journal of Business and …, 2000 - JSTOR
… We extend the work of Perfect and Peterson by examining the daily autocorrelation and
cross-correlation patterns of IPO returns. We find evidence that IPO investors make buy and sell …

Day‐of‐the‐Week Effects in the Long‐Run Performance of Initial Public Offerings

SB Perfect, DR Peterson - Financial Review, 1997 - Wiley Online Library
This study examines the influence of day‐of‐the‐week patterns in security returns on long‐run
IPO underperformance. Comparisons are made between the IPOs in Ritter's [20] database…