The paper surveys the most important literature on emerging markets and their performance. Emerging market countries are defined here as the countries with low intuitional capacity in general, rather than the countries with particular economic characteristics and per capita income; although the...

This study attempts to group investors (individuals and professionals) into different segments based on their psychological biases and personality traits and, then, to examine whether, and how, these biases and traits drive their investment behaviour. The behavioural finance literature suggests...

This paper presents the extensive literature survey based both on theoretical rationales for hedging as well as the empirical evidence that support the implications of the theory regarding the arguments for the corporate risk management relevance and its influence on the company’s value. The...

Purpose – The purpose of this paper is to examine the effect of investors’ emotional state (mood) on their trading behaviour and performance. Design/methodology/approach – A sample from a representative survey of 328 Greek individual investors has been used to empirically test the validity...

Purpose – The paper seeks to discuss the process of performance management and measurement system‐building in the public sector in a transitional country, with particular reference to Serbia. Design/methodology/approach – A short description of the general legal framework within which the...

Purpose – The purpose of this paper is to investigate the explanatory power of two value‐based performance measurement models, Economic Value Added (EVA ® ) and shareholder value added (SVA), compared with three traditional accounting performance measures: earnings per share (EPS), return...

Purpose – The purpose of this paper is to investigate the various methods and techniques used by Greek investors (both professional and individuals) when evaluating potential additions to their investment portfolios. Design/methodology/approach – The paper uses both a questionnaire survey...

Purpose – The aim of this paper is to examine the productivity of the Greek banking sector for the time period 2004‐2006. Design/methodology/approach – Standard ratio measures of bank financial performance have been used as output measures in a data envelopment analysis model in...

Purpose – The purpose of this paper is to study the link between, on one hand the interest margin of the bank, and the determinants of the interest margin on the other. The basic importance of bank interest margin or spread (BIS), arises from the fact that it presents an indicator of a bank's...

Purpose – The purpose of this paper is to present a procedure for finding the efficient frontier, i.e. a non‐decreasing curve representing the set of Pareto‐optimal or non‐dominated portfolios, when the standard Markowitz' classical mean‐variance model is enriched with additional...