Using the Stochastic Dominance (SD) approach, this paper revisits the day-of-the-week effect for a developing market, the Istanbul Stock Exchange (ISE). SD results provide different results independent of distribution assumptions. The results indicate that Monday and Tuesday cannot be dominated...

The monetary transmission mechanisms have influence on saving and investment decisions of firms and households by affecting their balance sheets. This study examines the effects of monetary policy through the balance sheet channel (also known as ‘financial accelerator’), which affects net...

By estimating the correlation coefficients values we compare in this study the diversification potential of the different foreign equity markets and commodities. We present the findings that reflect the perspective of Polish investor. Our results are following: we identify a significant...

"Grüne" Investitionen können in einem europäischen Wachstumspaket eine zentrale Rolle einnehmen, da sie kurzfristig spürbare Beschäftigungsimpulse und mittel- bis langfristig positive fiskalische Effekte auslösen können. Die Summe der zusätzlichen "grünen" Investitionen könnte die...

The ongoing globalisation process has not put an end to international financial crises. On the contrary, it seems to have contributed to their appearance and to accentuating their degrees of unpredictability. In this context, the main objective of the present study is to establish whether the...

In the context of capital market integration, a sample of 64 US firms is examined for any evidence of changes in stock risk as a result of international listings. Several risk measures are tested. Although we are not able to reject the hypothesis that domestic market betas do not change as a...