This paper examines abnormal stock returns around the publication of 1,167 reports issued by 26 brokerage firms on 37 small caps admitted to listing on the Italian stock market from 2003 to 2011. The focus is on small caps going public because, for such firms, information asymmetries may be...

This study empirically examines how exchange rates affect firms' stock returns in small, export-oriented countries that compete closely with one another. Specifically, controlling for cross-country sector and industry effects between Finland and Sweden, we test the impact of exchange rate shocks...

This study empirically examines how exchange rate shocks affect firms' competitiveness in the small, export-oriented country of Finland. Specifically, using Sweden as a benchmark and controlling for cross-country sector and industry effects, the Forex competition hypothesis is tested using the...

This paper studies the effect of floating exchange rates (XRs) on the competitive environment and the performance of UK small and medium sized enterprises (SMEs). Using an innovative technique that separates XR exposures into those that increase stock market returns and those that reduce them,...

The assessment of a financial position of SME has very much importance as for the analysis of current situation in a regional economy, as for modeling of their development by drawing up medium-term forecasts. Definition of SMEsituationsshall be done for separate sectors (from 15 to 45) of...