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Dr. Remmers is Professor at INSEAD (Fontainebleau, France) and is responsible for the French analysis in the article. Dr. Stonehill is Professor of Finance at Oregon State University (Corvallis, Oregon). Some of the data were gathered during 1972-73 while he was a Visiting Courtesy Professor at the North European Management Institute (Oslo, Norway). He is responsible for the Norwegian and American analyses. Dr. Wright is Associate Professor at McGill University (Montreal, Canada). All of the Japanese data were gathered during 1972-73 while he was a Visiting Professor at the Institute for International Studies and Training (Japan) and a guest at Nomura Research Institute (Tokyo, Japan). Dr. Beekhuisen is a Visiting Professor at INSEAD. Some of the Dutch data were gathered during 1972-73 while he was a Professor at the Netherlands School of Business (Breukelen, The Netherlands).
Remmers et al. (Tue,) studied this question.