List of contributors. The change in earnings response coefficient around dividend omissions (K.C. Chan). An examination of proxies of information asymmetry (R.J. Best et al.). An empirical test of a stochastic cash flow theory of evaluating credit (J.Callaghan, A. Murphy). Measuring risk-based premium and capital requirement for insurers (Chuang-Chang Chang et al.). Classification procedures and prediction of failure/distress (H. Espahbodi et al.). Normed distribution-free testing for identically distributed residuals (S. Kane). Estimating spin-off values: a new approach (A. Cy Heidari, J.K. Zumwalt). Re-examinations on corporate issues of currency warrants: a case study of financial innovation profits (Chuang-Chang Chang). The relation of analysts' forecast dispersion with business risk, financial risk, and information availability (M. Parkash, W.K. Salatka). Forebearance, deposit insurance, and the market value of savings and loan associations (J.C. So, J.Z. Wei).