This paper analyzes stock index reactions to interest rate actions by the FOMC. Unlike previous analyses this study utilizes macro-economic indicators and accounts for pre-decision market expectations. Results indicate significant reaction of the stock market to the actions of the FOMC...

This dissertation investigates aspects of sovereign credit risk in advanced and emerging economies. It consists of two chapters.Chapter 1 studies the determinants of sovereign credit default swap (CDS) spreads for 16 advanced economies during the recent financial crisis. We document that the...

Electricity generation is a vital element of economic growth, and it is necessary to encourage a growth model that does not endanger the capacity of a country to generate electricity. Generating electricity entails costs. This cost is not only economical but can also be, for example,...

Full-text of this article is not available in this e-prints service. This article was originally published following peer-review in International Journal of Retail & Distribution Management, published by and copyright Emerald.

Collective investments have become a very popular investment vehicle in South Africa because it is, among other things, transparent, liquid and easily accessible. Growing investor knowledge, good market returns and its suitability for diversification, which minimizes risk, also contributes to...

Identifying a suitable benchmark is essential when testing asset pricing models, measuring the performance of active investors, or providing market proxy portfolios for passive investors. Concern that increased domination of capitalization weighted stock indices by a few large firms will lead to...

Magistro baigiamajame darbe pristatomas naujas kapitalo paskirstymo akcijų rinkoje modelis. Modelio teoriniam pagrindui naudojama modernioji portfelio teorija ir statistiniai prognozavimo metodai. Modelio praktinis panaudojimas pavaizduojamas Europos rinkų pavyzdžiu – peržiūrimi Nasdaq...

Modern portfolio theory dates back to the work of Markowitz (1952), when he firstintroduced the concept of efficient portfolio selection, suggesting that there is onlyone combination of shares that would maximise an investors returns for a givenlevel of risk. Since this introduction, portfolio...

This was a study on the Utah cattle industry which compared five different feeding enterprises. These feeding enterprises included feeding cull cows, finishing beef yearling steers, finishing Holstein yearling steers, backgrounding beef steer calves, and backgrounding Holstein steer calves. The...

Cash and futures prices should reach equality, or converge, upon contract maturity. Traders can impose convergence during the delivery month througharbitrage behavior: either making or taking delivery on futures contracts. If convergence is not predictable, a futures market fails to provide a...