Purpose – The purpose of this paper is to evaluate and compare performances of three Nordic (Sweden, Denmark, Finland) and three Baltic (Lithuania, Latvia, Estonia) exchanges. Design/methodology/approach – Portfolio performance is estimated using two different approaches: traditional...

Purpose – Interlocks' network evolves and changes over time. Ties are created and destroyed and firm's position in the network changes. The alternate views on interlocks' evolution existing in literature lead the authors to investigate interlocks' network dynamics through a framework based on...

Purpose – The purpose of this paper is to investigate whether the change of margin in Chinese futures markets has policy spillover effects. Design/methodology/approach – The paper constructs a model based on Harzmark and on Chng, taking Chinese futures markets status quo as a single species...

Purpose – The purpose of this paper is to examine the link between corporate governance structure and firm performance in Nigeria. Design/methodology/approach – The present study uses the regression model to analyze publicly available data for a sample of 107 firms quoted in the Nigerian...

Purpose – The purpose of this article is to analyze the initial public offerings (IPOs) of Russian companies in the context of the country's investment attractiveness and the readiness of its companies to list on stock exchanges, domestically and/or internationally. The analysis takes a...

Purpose – The purpose of this study is to analyse the quality of disclosure on intangibles in presentations to analysts held by firms listed in the Spanish capital market. Given that quantification of the information provides a more precise and convincing message than qualitative disclosure,...

Abstract Over the years, it has frequently been argued by economists that lighthouses need to be provided by the state. Ronald Coase demonstrated, in fact, that they could be provided privately. The same is true of financial regulation. Though many economists, using blackboard economics, argue...