SHIGEKI SAKAKIBARA is Professor of Finance, Kobe University, Japan. He has been a visiting scholar at the Graduate School of Management, UCLA.HIDETOSHI YAMAJI is Associaate Professor of Finance and Accounting at the Research Institute for Economics and Business Administration, Kobe University. He has been a visiting scholar at the University of Illinois at Urbana-Champaign.HISAKATSU SAKURAI is Associate Professor of Accounting, Kobe University.KENGO SHIROSHITA is Associate Professor of Finance at the Hiroshima University of Economics, Japan.SHIMON FUKUDA is Associate Professor of Finance at the Yamaguchi University, Japan.

• The Behavior of Monthly Returns of the Tokyo Stock Exchange Common Stocks A Test of the Capital Asset Pricing Model The Price Performance of Unseasoned New Issues Market Efficiency and the Information Content of Annual Accounting Announcements The Relationship Between Unsystematic Returns and Earnings Forecast Errors The Usefulness to the Investors of the Accounting Disclosure System A Brief Retrospective and Perspective Bibliography Index

SHIGEKI SAKAKIBARA is Professor of Finance, Kobe University, Japan. He has been a visiting scholar at the Graduate School of Management, UCLA.HIDETOSHI YAMAJI is Associaate Professor of Finance and Accounting at the Research Institute for Economics and Business Administration, Kobe University. He has been a visiting scholar at the University of Illinois at Urbana-Champaign.HISAKATSU SAKURAI is Associate Professor of Accounting, Kobe University.KENGO SHIROSHITA is Associate Professor of Finance at the Hiroshima University of Economics, Japan.SHIMON FUKUDA is Associate Professor of Finance at the Yamaguchi University, Japan.

• The Behavior of Monthly Returns of the Tokyo Stock Exchange Common Stocks A Test of the Capital Asset Pricing Model The Price Performance of Unseasoned New Issues Market Efficiency and the Information Content of Annual Accounting Announcements The Relationship Between Unsystematic Returns and Earnings Forecast Errors The Usefulness to the Investors of the Accounting Disclosure System A Brief Retrospective and Perspective Bibliography Index

SHIGEKI SAKAKIBARA is Professor of Finance, Kobe University, Japan. He has been a visiting scholar at the Graduate School of Management, UCLA.HIDETOSHI YAMAJI is Associaate Professor of Finance and Accounting at the Research Institute for Economics and Business Administration, Kobe University. He has been a visiting scholar at the University of Illinois at Urbana-Champaign.HISAKATSU SAKURAI is Associate Professor of Accounting, Kobe University.KENGO SHIROSHITA is Associate Professor of Finance at the Hiroshima University of Economics, Japan.SHIMON FUKUDA is Associate Professor of Finance at the Yamaguchi University, Japan.

• The Behavior of Monthly Returns of the Tokyo Stock Exchange Common Stocks A Test of the Capital Asset Pricing Model The Price Performance of Unseasoned New Issues Market Efficiency and the Information Content of Annual Accounting Announcements The Relationship Between Unsystematic Returns and Earnings Forecast Errors The Usefulness to the Investors of the Accounting Disclosure System A Brief Retrospective and Perspective Bibliography Index