Narrow search
Showing 1 - 10 of 1,773
Cover Image
Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options
International Monetary Fund (IMF); International … - 2008
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
Cover Image
Stocks selection in capital markets crisis: multi-criteria approach
Belak, Vinko; Barac, Zeljana Aljinovic; Vuko, Tina - In: International Journal of Economics and Business Research 3 (2011) 1, pp. 60-71
The aim of our research was to construct a multi-criteria model for rational investors at bear capital markets. This … model should help individual investors in decision-making processes to select optimal stocks portfolios. Applying multi …
Persistent link: https://www.econbiz.de/10009352461
Cover Image
Foreign vs domestic investors and the post-announcement drift
Booth, G. Geoffrey; Kallunki, Juha-Pekka; Sahlström, Petri - In: International Journal of Managerial Finance 7 (2011) June, pp. 220-237
trading behavior of foreign and domestic investors during the post-announcement periods of scheduled earnings and unscheduled …, but only if the news is negative. As a group, foreign investors react first by selling shares of firms reporting negative … information. Domestic investors act in the opposite manner. Originality/value – The results imply that the post-announcement drift …
Persistent link: https://www.econbiz.de/10010610540
Cover Image
Short selling and equity returns with full information dissemination
Alexakis, Panayotis - In: International Journal of Monetary Economics and Finance 4 (2011) 2, pp. 150-171
This paper sheds further light on whether short selling can be associated with negative returns in the spot market. It provides evidence for the case of the capital market of the Athens Exchange (ATHEX) that is empirically tested for the first time, during the period 2003–2007. This market...
Persistent link: https://www.econbiz.de/10009352476
Cover Image
Testing the relation between beta and returns in the Athens stock exchange
Theriou, Nikolaos G.; Aggelidis, Vassilios P.; … - In: Managerial Finance 36 (2010) December, pp. 1043-1056
Purpose – The purpose of this paper is to examine the relationship between beta and returns in the Athens stock exchange (ASE), taking into account the difference between positive and negative market excess returns' yields. Design/methodology/approach – The data were taken from DataStream...
Persistent link: https://www.econbiz.de/10009274310
Cover Image
The differential information content of loss components under a conservative accounting regime
Hevas, Dimosthenis; Siougle, Georgia - In: Managerial Finance 37 (2011) April, pp. 295-311
Purpose – This study aims to test empirically the validity of the accounting valuation model that is based on earnings and book values for loss-reporting firms under a conservative accounting regime. Design/methodology/approach – The empirical tests are performed by employing returns models...
Persistent link: https://www.econbiz.de/10009275425
Cover Image
A conditional CAPM: implications for systematic risk estimation
Milionis, Alexandros - In: Journal of Risk Finance 11 (2011) August, pp. 306-314
Purpose – The purpose of this paper is to examine, whether or not, the residuals of the market model (MM) are conditionally heteroscedastic; to examine, whether or not, there exists an intervalling effect in conditional heteroscedasticity in the residuals of the MM; to propose a simple...
Persistent link: https://www.econbiz.de/10010610659
Cover Image
Firm-specific and economy wide determinants of firm profitability: Greek evidence using panel data
Asimakopoulos, Ioannis; Samitas, Aristeidis; … - In: Managerial Finance 35 (2009), pp. 930-930
Purpose - The purpose of this paper is to examine the determinants of profitability for a sample of Greek non-financial firms listed in the Athens Stock Exchange for the period 1995-2003. This is a very important period for the Greek economy on the way to European monetary union (EMU)....
Persistent link: https://www.econbiz.de/10010814820
Cover Image
The efficiency of Greek stock index futures market
Floros, Christos; Vougas, Dimitrios V. - In: Managerial Finance 34 (2008), pp. 498-519
-correction model (to study the behaviour of series from real shocks). Findings - The results show that the Greek futures and spot … efficient than underlying stock markets in Greece. Practical implications - The results have important implications for both …
Persistent link: https://www.econbiz.de/10010814884
Cover Image
findings show that voluntary disclosers exhibit higher profitability and growth and appear to be good news bearers. They also display a change in their management and a higher sha...
Iatridis, George; Alexakis, Panayotis - In: Review of Accounting and Finance 1 (2012) February, pp. 73-92
Persistent link: https://www.econbiz.de/10010814989