This study provides a platform for the comparison of measures of internal structures and processes associated with organizational effectiveness in the private and public sectors. The study is based on a sample of 11,352 cases from 28 private and 41 public sector organizations. Nine measures...

Purpose: We examine how the net share purchases of top executives of acquiring firms, specifically the Chief Executive Officer (CEO) and the Chief Operating Officer (COO), can impact shareholder perceptions of a merger and acquisition (M&A) around the announcement time....

This study establishes and tests a methodology to gauge global markets convergence, i.e., the long-run tendency of different markets to catch-up with a leading market. Under the globalization hypothesis, the differential speeds of the markets worldwide are hypothesized to show some tendencies...

This study revisits the predictability of individual stock returns by focusing on the investors' expectations of future stock prices. It hypothesizes that expectations cause events, and thus provide predictive power to forecast stock returns. Based on this premise, a model that relies on the...

We derive and empirically test a theoretical link between exchange rate volatility and global equity correlations. Starting with option-implied currency volatilities, we use variants of existing currency models, global capital flows, international parity, the Taylor rule, and some simplifying...

Employing a sample of stocks cross listed and subsequently delisted from foreign markets, we examine the consequences of delisting in terms of price, risk, volume, and liquidity. We also provide a direct comparison between the firm's performance due to foreign cross listing and its subsequent...

This paper provides a comprehensive set of contemporaneous estimates of the market risk for globally listed stocks on 59 world equity markets. The results reveal that the estimates of the systematic risk of a stock are distinct from market to market, and from the stock's corresponding estimate...