Summary We study the response of the German stock market index DAX to the announcement of macroeconomic business cycle forecasts. Returns are computed using high-frequency data observed for 15-second intervals. Publications of macroeconomic US indicators at 2:30 p.m. (CET) have temporary and...

The concept of vertical farming is nearly twenty years old, however, there are only a few experimental prototypes despite its many advantages compared to conventional agriculture. Significantly, financial uncertainty has been identified as the largest barrier to the realization of a ‘real'...

This article provides a factual perspective on the immediate responses of the port industry to the 2008 economic downturn. Specifically, it investigates the port authorities' performance located in Greece in relation to the current economic crisis. Firstly, it translates the general theories on...

This is a follow‐up of a study conducted by William Shanklin and published in 1988. He found a positive relationship between market share and return on total assets, but concluded that the absence of market share leadership did not preclude achievement of superior profitability. Attempts to...

Generalizes existing models of credit markets under asymmetric information. The general model accommodates the adverse selection arguments of Stiglitz and Weiss and the favourable selection arguments of de Meza and Webb, and contains their models as special cases. Market equilibrium may exhibit...

Purpose – The purpose of this paper is to examine whether financial analysts are sensitive to voluntary earning disclosures. Design/methodology/approach – The paper is based on a literature review of the relationship between analysts' behaviour and corporate disclosures. It is assumed first...

Purpose – This paper seeks to use empirical evidence to examine the role of Islamic banks' financing on economic performance of selected countries (Malaysia, Indonesia, Bahrain, UAE, Saudi Arabia, Egypt, Kuwait, Qatar and Yemen). Design/methodology/approach – Using quarterly data...

States that total logistics costs in many companies can be reduced by as much as 10 per cent as a result of integrated planning, which can have an enormous impact on a company′s profitability, especially in a competitive environment characterized by small profit margins. Integrated logistics...