This study is the first to investigate stock price reaction to parliamentary elections in the Commonwealth Caribbean. The study finds that parliamentary elections have a statistically significant effect on stock prices in the Bahamas, Barbados, Jamaica and Trinidad and Tobago, but no effect in...

During the year 2017, hurricanes Irma and Maria wreaked havoc in the Caribbean and severely disrupted entire societies. This study extends the literature on the impact of climate change on Small Island Developing States by investigating the impact of hurricanes and tropical storms on stock and...

Banking regulations (such as, risk-based capital framework and reserve requirements) have had the unintended consequence of incentivizing banks to hold more sovereign debt on their balance sheets than suggested by their strategic motives. As a result, bank stability now depends more heavily than...

This study provides further insight into the information content of dividends by investigating stock price reaction to the announcement of cash dividends in the unique environments presented by Jamaica and Trinidad and Tobago. In the case of Jamaica, we document a positive relationship between...

This study investigates the reaction of stock prices to sovereign debt restructurings and credit rating reviews in six frontier stock markets. The study uses the event study methodology corrected for the impact of thin trading to investigate stock market reaction to sovereign debt restructurings...

This study uses the event study methodology, corrected for the impact of thin trading, to investigate the economic and financial impact of hurricanes and tropical storms on small island developing states. The study investigates the stock market impact of all hurricanes and tropical storms to...

This study uses the event study methodology adjusted for thin trading, to explore semi-strong form market efficiency in the context of thin trading. The paper does this by investigating stock price reaction to major national and international news events in six frontier stock markets, which are...