The world stock markets are moving so rapidly towards globalization, and integration of local financial markets to international financial systems and institutions through cross borders transactions. The globalization phenomenon may be a blessing and enhance national economies, or may increase...

Over the years relationship between bonus issues or stock splits & stock prices has been the subject of much empirical discussion within the finance literature. According to theory, bonus issues increase the number of equity stocks outstanding but have no effect on stockholder's proportional...

This paper presents an analysis based on a recently survey of the dividend policies of the listed firms in the Cypriot Stock Exchange. For the analysis we use a new methodology of correspondence analysis for the comparative evaluation of the opinions of members two or more different groups, as...

This paper investigates the informational content of dividend announcements and analyzes the impact of dividend announcements by firm size and dividend growth using a sample from the emerging market of Sri Lanka. Consistent with prior evidence from developed stock markets, we find that dividends...

The coronavirus pandemic has spread all over the world, affecting both the health and economic sectors. The aim of this research was to observe stock prices of customer goods before and after the COVID-19 pandemic using event study and the comparison test. The sample included data of daily...

We study the informational content of dividends on three Nordic civil law markets, i.e. on markets where the evidence for dividend catering has been weak. Using aggregate data on real earnings per share and payout ratios, long time series from 1969 to 2010, and methodologies which address...

Studying a comprehensive sample of stocks from the U.S. OTC market, we show that this market is a large and diverse trading environment with a rich set of regulatory and disclosure regimes, comprising venue rules and state laws beyond SEC regulation. We exploit this institutional richness to...

Governance has many dimensions – corporate governance pertains to the firm's management whilst sovereign governance pertains to the firm's exposure to sovereign risk, corruption, and poor regulation. We show that both are important drivers of firm value and this has serious implications for...

Governance has many dimensions - corporate governance pertains to the firm's management whilst sovereign governance pertains to the firm's exposure to sovereign risk, corruption, and poor regulation. We show that both are important drivers of firm value and this has serious implications for the...

Reputational sanctions are widely used as a regulatory tool to curb corporate misconduct. However, existing literature on its workings and effectiveness is largely limited to developed economies. We thus examine the case of China, focusing on an important yet understudied form of reputational...