Purpose – The purpose of this paper is to test the hypothesis that savers may be substituting equity capital gains from stockholdings for traditional measures of personal saving. The analysis also aims to investigate dividend yield (DY) as a signal to investors about corporate saving rates...

Purpose – The purpose of this paper is to empirically examine the relation between financial leverage and investment opportunities of Chinese industrial firms, which operate in a vastly different financial environment than USA and Japanese firms. Design/methodology/approach – Multivariate...

Purpose – Given the size and growing importance of socially responsible (SR)‐related funds and investments, the purpose of this paper is to see if those who invest in socially responsible investments (SRIs) conform to a particular profile and if that profile is significantly different than...

Purpose – The purpose of this paper is to find out whether investors tend to reward firms that resist the urge to borrow and operated with debt free balance sheet and penalize firms that have high levels of debt. Design/methodology/approach – The performance of portfolios of debt free firms...

Purpose – The paper aims to determine if a country's Economic Freedom Index value has any relationship to the return of the related country specific exchange traded fund. Design/methodology/approach – A total of 36 country specific exchange traded funds were selected for use in this study....