The objective of the paper is to study the performance of Islamic mutual funds by comparing their volatility with KSE-30 index of Pakistan Stock Exchange. For empirical analysis and to study the volatility behavior of KMI-30 index and KSE-30 indexed mutual funds ARCH/GARCH models are used....

In this article, we study the volatility of Spots and Futures of Crude Oil using daily data from the period 2010-2013. We examine both the Crude Oil Spots and Crude Oil Futures traded on the Pakistan Mercantile Exchange. Our main findings suggest that (1) shocks tend to persist over a long...

Investment framework is one of the most significant components that impact the company's value. Reliable funding choices for a company generally lead to a capital structure that increases the firm's value (Abor, 2006). Early studies provide contradictory reviews about a company's capital...

This study investigates the speed at which the banking sector of Latin American countries adjust to equilibrium levels in the long run. For this purpose partial adjustment process to Panzar and Rosse H-Statistics is used. Markets adjust towards long-run equilibrium in a non-instantaneous manner....

We analyze the appointments of outside CEOs of financial and non-financial firms as independent directors on US bank boards and their implications for the banks and the outside CEO firms. We show that outside CEOs from financial firms match with less traditional banks and their appointment...

Outside CEOs from non-financial firms match with boards of lending-oriented banks and are sought for their networks. They do not improve board advising and monitoring but their appointment results in lending expansion, increased bank CEO compensation, and more bank debt for their firms. The...

Using bank board-level data and unique director work experience records from a large sample of publicly-listed U.S. banks, we examine (i) whether cognitively concentrated or diverse board align banks’ risk-taking preferences with those of regulators in terms of capital adequacy, and (ii) the...

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