Purpose – The purpose of this research is to study the extent to which various price and earnings momentum measures can be used to enhance portfolio performance by better timing entry into value stocks (and isolating those growth stocks that still have some period to run)....

Purpose – The purpose of this study is to determine whether Latin American ADRs provided US investors with international diversification benefits as determined by comparing excess returns from issues listed in the 1990s to those listed in the 2000s. A further sample breakdown compares IPO...

Purpose – The paper seeks to develop an analytical theory of project investment. Design/methodology/approach – The authors derive a partial differential equation that the variable cost of a project should satisfy, determine a proper initial condition through a thought experiment, and solve...

Purpose – To address the empirical aspect of corporate investment patterns by providing evidence in an international setting regarding the critical factors affecting firm investment policy, focusing on the relevance of financial factors. Design/methodology/approach – Examines international...

Purpose – The paper's aim is to analyze excess returns generated by Canadian sell-offs and their links to changes in firms' internal capital allocation efficiency to test the efficiency of internal capital markets after assets divestitures. Design/methodology/approach – This study...