Purpose: The purpose of this study is to investigate the impact of idiosyncratic and macroeconomic risks on capital structure on SADC countries. Design/methodology/approach: Employing data from the African Financials database, the analysis is conducted over a ten year period spanning from 2009...

The aim of this study is to assess the characteristics of the hot and cold IPO markets on the Stock Exchange of Mauritius (SEM). The results show that the hot issues exhibit, on average, a greater degree of underpricing than the cold issues, although the hot issue phenomenon is not a significant...

Purpose – The purpose of this paper is to assess the presence of the momentum effect on the Stock Exchange of Mauritius (SEM) and its implications for investors. Design/methodology/approach – Data for stock trading activities of all listed companies on the SEM from 2001 through 2009 were...

This study examines the long-run performance of initial public offerings on the Stock Exchange of Mauritius (SEM). The results show that the 3-year equally weighted cumulative adjusted returns average - 16.5%. The magnitude of this underperformance is consistent with most reported studies in...