The objective of corporate management is generally the maximisation of the market value of the enterprise i.e., wealth. The market value of the common stock of a company is influenced by its policy regarding allocation of net earnings into plough back of profit and the payout while maximising...

This paper aims to study the extent of integration among developed and emerging stock markets in the onset of globalization through the formulation of a unified conceptual framework that synthesizes the stock valuation model and the convergence hypothesis. Market integration manifests in the...

This paper dissects with great acuteness, the issues of convergence in financial performance dynamics in the African continent through the lenses of stock market capitalization, value traded, turnover and number of listed companies. The empirical evidence is premised on 11 homogenous panels...