The purpose of this study is to examine the information content of accounting earnings and CFO to explain security returns in Tunisian Stock Exchange through the study of their response coefficients and the explanatory power of regression models in the period of 1997 - 2001 (an application of a...

This paper empirically examines the relationship between trading volume and conditional volatility of returns in the Tunisian stock market within the framework of the mixture of distribution hypothesis (MDH) and the sequential information arrival hypothesis (SIAH). Through this study, we...

This research is a feedback to the call from Richardson et al. (2010) for more structure in researchers’ forecasting frameworks. The purpose is to study the ability of three technical earnings forecasting methods (smoothing, random walk and cross-section) to reflect Tunisian stock market...

The banking sector in Tunisia has undergone, in the past decades, numerous structural changes which have affected the banking industry in particular and the economy as whole. This paper studies the internal and external determinants of bank performance in Tunisia during the period after...

Through this article we shed light on equity home bias puzzle in the current global finance area. We aim to see where the problem lies and to highlight, theoretically and practically, its determining factors. In that framework, a sample of developed and developing markets is studied using annual...

The aim of this paper is to investigate non-synchronous trading effect in terms of predictability. This analysis is applied to daily and one-minute interval data on the KOREA stock market. The results indicate evidence of predictability between indices with different degrees of non-synchronous...

Cette étude constitue l'une des premières études traitant de la gestion des résultats et la performance boursière à long terme des introductions en bourse dans un pays européen notamment la France. Nous examinons les ‘accruals' discrétionnaires avant et après l'introduction en bourse...

Through this paper, we seek to shed light on the divergence between expected and observed returns. Empirical theory attributes this divergence to macroeconomic fundamental shocks. We try, via an ECM model, to study the existence of co-integration relations between macroeconomic volatility and...

This paper aims to shed light on the determinants of systematic risk in the global macro-finance interface. We estimate a time-varying two-factor ICAPM, using weekly equity returns and Msci market-capitalisation weighted basket of foreign currencies. We follow a two-step estimation procedure; in...

Notre recherche a pour objectif d'étudier, en une analyse longitudinale, le pouvoir explicatif de la théorie de l'agence sur la demande d'une meilleure qualité de l'audit externe. Celle-ci est appréhendée en fonction de la réputation de l'auditeur externe. Sur un échantillon de 166...