Purpose – Very little is known about the influences on dividend decisions in Pakistan, despite the importance of the market in the region and the nation's non-standard tax system. This study therefore aims to provide detailed evidence regarding this issue by examining the views of those...

Purpose – Very little is known about the influences on dividend decisions in Pakistan, despite the importance of the market in the region and the nation's non‐standard tax system. This study therefore aims to provide detailed evidence regarding this issue by examining the views of those...

Reviews previous research on share price response to annoucements of changes in top management and the accounting policies/reported earnings around such changes. Uses 1989‐1992 UK data for a sample of 420 announcements of changes in top management, divided into routine departures,...

This paper examines managerial attitudes to risk in the UK to see whether managers are apparently “irrational” and focus on simple heuristics rather than concentrating on statistical outcomes in their decision‐making processes. The findings reported here are based on a large postal...

In the early 1990s growing numbers of investing institutions in the UK financial community crossed a threshold of awareness about the opportunities offered by the emerging stock markets of developing countries (ESMs); the returns per unit of risk, formerly considered by most fund managers to be...