This paper examines whether the dynamic behaviour of stock market volatility for four Latin American stock markets (Argentina, Brazil, Chile and Mexico) and a mature stock market, that of the US, has changed during the last two decades. This period corresponds to years of significant financial...

This paper derives three multi-factor risk-return relationships each of which employs macro-economic variables in presenting the underlying factors that influence security returns. The first relationship holds if the underlying portfolio lies on the expected return-standard deviation efficient...

In this paper a model for estimating the reduction of the probability of premature death emanating from a transport infrastructure investment is developed. As a starting point a reference probability of premature death is arbitrarily chosen and two measures of estimating the value of life saving...

This paper constitutes a different approach concerning the time varying risk premium for the stocks traded on the Athens Stock Exchange. The research methodology utilises two well known empirical findings; the time varying beta risk (eg. Merton (1973), Ng (1991), Fama, French (1988)), and the...