Purpose: We examine the impact of market frictions in the form of trading costs on investor average holding periods for stocks in the S&P global 1200 index to examine constraints on international portfolio diversification. Design/methodology/approach: We determine whether it is appropriate to...

Purpose The study examines influence of behavioural economic theories of add-on goods and contingent charges on the regulation of two touchstone markets in the UK. These markets, the payment protection insurance (PPI) market and the market for overdrafts can both be characterised as add-on...

The forthcoming revision of the Basel Accord will cause major changes in the capital incentives driving banks’ management decisions. The author briefly outlines the main proposals then considers the impact from the point of view of a bank treasurer. The discussion leads him to question whether...

Purpose – This paper seeks to draw out the main themes of the debate on the current financial crisis as published in the special issue of critical perspectives on international business Vol. 5 Nos 1/2 (2009) and place them in the context of subsequent events. It also considers what conclusions...

Purpose: This study aims to examine the cross-market efficiency of the FTSE/MIB index options contracts traded on the Italian derivatives market (IDEM) during a period including the financial crisis between 1st October 2007 and 31st December 2012 using daily option prices....

Purpose: The paper aims to provide the individual routes of the authors into behavioural finance in order to introduce the special issue. Design/methodology/approach: The paper provides the background to the authors' personal route into behavioural finance. Findings: The paper highlights...