African swine fever (ASF) is a disease with a devastating impact on economy, affecting seriously the pig industry production and trade, discouraging farmers to restock their farms and continuing their business, overall changing policies and markets. In the last five years the ASF has badly...

This paper examines the determinants of stock returns in a small open economy using an APT framework. The analysis is conducted for the Swiss stock market which has the particularity of including a large proportion of firms that are exposed to foreign economic conditions.

We examine the impact of distressed acquisitions on acquirer volatility and default risk for a worldwide sample of distressed firms using several risk measures. We find that, on average, absolute levels of historical and implied volatility do not change following a distressed acquisition....

We investigate and test hypotheses on how informed trading varies with market-wide factors and the structural and trading characteristics of a firm. We find strong evidence of commonality in informed trading, and a systematic dependence of informed trading on firm characteristics that is largely...

Constructing suitable marketing strategy and implementing it effectively is an art and science both like orchestration of a symphony. The discussion in this paper blends this analogy with the science of marketing demonstrating the levels of strategy development in a competitive marketplace. The...

Basel II Pillar 3 reports provide information about banks' exposure towards a number of risk factors, such as corporate credit risk and interest rate risk. Previous studies nd that the quality of such information is likely to be weak. We analyze the marginal contribution of pillar 3 exposure...

This report presents the findings of the research conducted by the Philippine Institute for Development Studies (PIDS) on leading noncommunicable diseases (NCDs). With the collaborative efforts of the World Health Organization (WHO) and Food and Nutrition Research Institute (FNRI), this research...

In this paper, we identify and document the empirical characteristics of the key drivers of convertible arbitrage as a strategy and how they impact the performance of convertible arbitrage hedge funds. We show that the returns of a buy-and-hedge strategy involving taking a long position in...

L'objectif de cet article est de montrer les limites des principaux indicateurs de performance des banques et de proposer une approche en terme de rendement et de risque calculés pour chaque banque à partir de plusieurs facteurs de risque.

Demand is growing for a better understanding of how assets are priced in countries outside of the U.S. While financial data are available for many firms world-wide, it is important to have a reliable and replicable method of constructing high-quality systematic risk factors from these data. This...