References
Dimson, E., Marsh, P. and Staunton, M. (2002). Global
evidence on the equity risk premium. Available at
http://faculty.london.edu/edimson/Jacf1.pdf.
Dissanaike, G. (1997). Do stock market investors
overreact? Journal of Business Finance and Accounting
(January).
Dissanaike, G. (1999). Long-term stock price reversals
in the UK: evidence from regression tests. British
Accounting Review(December).
Dixit, A. K. and Pindyck, R. S. (1995). The options
approach to capital investment. Harvard Business
Review(May/June). Reprinted in Rutterford (1998).
Draper, P. and Paudyal, K. (1999). Corporate takeovers:
mode of payment, returns and trading activity.
Journal of Business Finance and Accounting(June/July).
Drury, C. (2004). Management and Cost Accounting, 6th
edn (Thomson Learning).
Drury, C. and Braund, S. (1990). The leasing decision: a
comparison of theory and practice. Accounting and
Business Research(Vol. 20, No. 79).
Drury, C., Braund, S., Osborne, P. and Tayles, M. (1993).
A Survey of Management Accounting Practices in UK
Manufacturing Industries(Chartered Association of
Certified Accountants).
Dryden, M. M. (1970). A statistical study of UK share
prices. Scottish Journal of Political Economy(November).
El-Masry, A. (2006). Derivatives use and risk man-
agement practices by UK nonfinancial companies.
Managerial Finance(Vol. 32, Issue 2).
Elton, E. J. and Gruber, M. J. (1970). Marginal stock-
holders’ tax rates and the clientele effect. Review of
Economics and Statistics(February).
Emery, D. R., Finnerty, J. D. and Stowe, J. D. (2007).
Corporate Financial Management,4th edn (Prentice
Hall).
Eriotis, N., Vasilou, D. and Ventoura-Neokosmidi, Z.
(2007). How firm characteristics affect capital struc-
ture. Managerial Finance (Vol. 33, Issue 5).
Ernst and Young (2003). Survey of Management
Accounting(Ernst and Young).
Ettridge, M. and Kim, J. (1994). Dividend behaviour
surrounding LIFO adoption. Review of Financial
Economics(Vol. 4, No. 2).
Evans, J. and Archer, S. H. (1968). Diversification and
the reduction of dispersion: an empirical analysis.
Journal of Finance(December).
Fama, E. F. (1965). The behaviour of stock market prices.
Journal of Business(January).
Fama, E. F. (1998). Market efficiency, long-term returns
and behavioural finance. Journal of Financial Eco-
nomics(September).
Fama, E. and French, K. (1998). Taxes, financing deci-
sions and firm value. Journal of Finance(June).
Fama, E. and French, K. (2001). Disappearing dividends:
changing firm characteristics or lower propensity to
pay. Journal of Financial Economics(April).
Fama, E. F. and French, K. R. (2004). The capital asset
pricing model: theory and evidence. Journal of Eco-
nomic Perspectives(Summer).
Fama, E. F., Fisher, L., Jensen, M. and Roll, R. (1969).
The adjustment of stock prices to new information.
International Economic Review(February).
Ferreira, M. and Ferreira, M. (2006). The importance
of the industry and country effects in the EMU
equity markets. European Financial Management(Vol.
12, Issue 3).
Finnerty, J. (1976). Insiders and market efficiency.
Journal of Finance(September).
Firth, M. (1977a). An empirical investigation of the
impact of the announcement of capitalisation issues
on share prices. Journal of Business Finance and
Accounting.
Firth, M. (1977b). The Valuation of Shares and the Efficient
Markets Theory(Macmillan).
Fletcher, R. (2002). Want to buy a football player? Get
a mortgage. Sunday Telegraph(14 July).
Forum for Private Businesses (2008). FPB delivers
budget warning following latest survey of small busi-
nesses (10 March).
Frank, M. and Goyal, V. (2003). Testing the pecking
order theory of capital structure. Journal of Financial
Economics(February).
Franks, J. R. and Harris, P. (1989). Shareholder wealth
effects of corporate takeovers: the UK experi-
ence (1955–1985). Journal of Financial Economics
(Vol. 23).
Friend, I. and Puckett, M. (1964). Dividends and stock
prices. American Economic Review(September).
Fuller, K., Netter, J. and Stegemoller, M. (2002). What
do returns to acquiring firms tell us? Evidence from
firms that make many acquisitions. Journal of Finance
(August).
Gordon, M. J. (1959). Dividends, earnings and stock
prices. Review of Economics and Statistics(May).
Graham, J. R. and Harvey, C. R. (2001). The theory and
practice of corporate finance: evidence from the field.
Journal of Financial Economics(Vol. 61).
Graham, J. and Kumar, A. (2006). Do dividend clienteles
exist? Evidence on dividend preferences of retail
investors. Journal of Finance(June).
Gregory, A. (1997). An examination of the long run per-
formance of UK acquiring firms. Journal of Business
Finance and Accounting(September).
Gregory, A., Rutterford, J. and Zaman, M. (1999). The
Cost of Capital in the UK (Chartered Institute of
Management Accountants).
BUSF_Z05.qxd 11/19/08 10:34 Page 508