This paper examines the relationships between market risk premiums, time-varying variance and covariance in forty-eight emerging, and seven developed capital markets. We allow each market’s risk premium generating process to be state-dependent by accounting for negative and positive market...

This article investigates the risk-return relations of stocks traded in frontier markets, a class of small, illiquid, less accessible and less known emerging markets that has escaped the attention of many researchers. We examine the cross-section of risk premiums of 360 stocks traded in 19...

This paper gives optimality conditions to obtain a priori precedence relationships among some of the jobs in a single machine scheduling problem so as to curtail the enumeration while using branch-and-bound technique. The objective is to minimize a quadratic (or generalized quadratic) penalty...