This paper examines, via an event study approach, the effect of Greece’s veto against FYROM’s bid for NATO accession on the stocks of Greek firms conducting business in FYROM. The results show a negative effect on the stocks of these Greek firms while the veto “news” was taken into...

This paper examines the past performances of mutual funds as a criterion for investors’ future choices. In particular, it examines if mutual funds (which invested in the U.K stock market) that have presented the highest return through one or two years continue the same high performances...

This paper empirically assesses the ability of dividend yields to predict future tock returns in Germany assuming efficient markets and rational expectations. Since the order of integration of repressors are not exactly known, a bound procedure, namely a n autoregressive distributed lag (ARDL)...