By M. Hirschey, K. John, A.K. Makhija
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Extra info for Advances in Financial Economics, Volume 6 (Advances in Financial Economics)
Later, it, as a shell corporation with listed stocks and was required by a private company, where its name was changed to Centerscope on May 18, 1990 and acquired by CW Electronics (CWE) a computer retailer in June 6, 1991. CWE made a $2,250,000 public offering of stock on July 15, 1993. 2. Amereco (AmerEco Environmental Services) The company was incorporated in Missouri in June 1983 under its original name, “PCB Disposal Systems, Inc. Its business was in the management of toxic and non-hazardous waste, concentrating primarily in PCB contaminated ﬂuids and materials.
HERSCH AND J. M. NETTER If an executive was not with the same company in both 1995 and 1996 he was dropped from the sample. In our regression analysis, the dependent variable is the combined amounts an executive contributed to his ﬁrm’s PAC during 1995 and 1996. This variable is censored from both above and below. The maximum contribution permitted by law is $5,000 per year, thereby capping contributions at $10,000. The minimum observed value is zero. A value of zero, however, requires additional interpretation.
An example is in order. Suppose a penny stock has an inside (wholesale) bid-ask of four cents and six cents and an outside (retail) bid-ask of three and a half and eight cents. Suppose the broker buys and sells 10,000 shares to two different customers but does not cross the trades. 5) = $25, for a total of $125. 5) = $225. 15. It is not clear that investors who purchased at the offer price realized proﬁts in aggregate. A reading of articles in the trade press on BR and various legal documents suggests that few investors ever got money out of BR once funds were committed.
Advances in Financial Economics, Volume 6 (Advances in Financial Economics) by M. Hirschey, K. John, A.K. Makhija