Table of Contents: Volume 18, 2002 Number | Are Investor Reactions to R&D Influenced by the Corporate Headquarter’s Location? Zane L. Swanson and Robert Singer Trade Disclosure, Information Learning and Securities Market Performance Chunchi Wu and Wei Zhang Gain, Loss, and Two-State Modeling .... Philip O’Connoarn d Michael S. Rozeff Economic Value Added, Future Accounting Earnings, and Financial Analysts’ Earnings Per Share Forecasts Susan M. Machuga, Ray J. Pfeiffer, Jr. and Kiran Verma Number 2 Estimating Beta Haim Shalit and Shlomo Yitzhaki The Valuation of MNC International Operations During the 1990s Stephen E. Christophe and Ray J. Pfeiffer, Jr. The Underpricing and Excess Returns of Initial Public Offerings in Taiwan Based on Noisy Trading: A Stochastic Frontier Model Anlin Chen, Chen Chein Hung and Chin-Shun Wu The Influence of Long-Term Performance Plans on Earnings Management and Firm Performance Vernon J. Richardson and James F. Waegelein Computing a Multivariate Normal Integral for Valuing Compound Real Options . . William T. Lin Number 3 The Evolution of Market Efficiency: 103 Years Daily Data of the Dow Anthony Yanxiang Gu and Joseph Finnerty Stock Returns and Volatility under Market Segmentation: The Case of Chinese A and B Shares Yin-hua Yeh, Tsun-siou Lee and Jen-fu Pen The Relationship between Changes in Fixed Plant Investment and the Likelihood of Emergence from Corporate Financial Distress . Gregory D. Kane and Frederick M. Richardson The Usefulness of Derivative-related Accounting Disclosures Gim §S. Seow and Kinsun Tam Detection of Financial Time Series Turning Points: A New CUSUM Approach PE ee US oie Bl RNs Dew eee Bl ew dae Se Number 4 Security Market Effects Associated with SFAS No. 131: Reported Business Segments ee eT Ee ee Pa Michael Ettredge, Soo Young Kwon and David Smith Multiperiod Strip Hedging of Forward Commitments .................4-. Se at ee oec es eR Ee Cea ees re Sh Donald Lien and David R. Shaffer Dilution, Dividend Commitments and Liquidity: Do Dividend Changes Reflect Information Signaling?....... PV. Viswanath, Yu Kyung Kim and Jayant Pandit A Time-Series Model of Stock Returns with a Positive Short-Term Correlation and a Negative Long-Term Correlation... ........2 44J aeuk Khil and Bong-Soo Lee 381 Information Content of Earnings and Earnings Components of Commercial Banks: inipactOnSsHAS UNO: dD S26 esc. ea cso ream Senet Bikki Jaggi and Ronald Zhao 405