Younger, riskier, less credible firms do not voluntarily supply initial public offering prospectus earnings forecasts. Nondisclosure increases valuation uncertainty risk, thus necessitating higher first-day underpricing and long-run performance as compensation.

Real stock market returns in New Zealand are lower when the left-leaning Labour party is in power than under National party governments, in contrast to the USA where returns are higher under Democratic presidents than under right-leaning Republicans. The difference in real stock market returns...

An early-warning model which predicts the extent of sovereign debt reschedulings is developedusing the behavioural assumption thatindividuals (and governments) develop minimum consumption requirements. Sharp and unexpected falls in income and consumption can threaten these minimum requirements,...