Purpose – Very little is known about the influences on dividend decisions in Pakistan, despite the importance of the market in the region and the nation's non-standard tax system. This study therefore aims to provide detailed evidence regarding this issue by examining the views of those...

This article examines the weak–form of the efficient market hypothesis (EMH) for the Saudi Stock Market. Specifically, it considers whether patterns are present in share returns such that investors can out–perform the market by trading on the basis of historic information. Two...

Purpose – The purpose of this paper is to examine how investors and stockbrokers in Nigeria value shares and whether their approach to share valuation differs from that documented in other countries. In particular, the paper investigates whether the investors and stockbrokers use fundamental,...

Investigates the stock market response to interactive dividend and earnings announcements by a sample of 620 UK companies over the period January to June 1991. First, examines the possibility that the response to a dividend announcement may be influenced by whether the dividend is being...

This paper studies the performance of 60 European funds from four countries. The paper extends the UK matched pair approach for fund evaluation developed by <link rid="b35">Mallin et al. (1995)</link> to a European setting. The findings suggest that there is no difference between ethical and non-ethical funds...

This paper: (i) examines the potential benefits from diversifying into eight stock markets of Central and Eastern Europe (CEE); and (ii) quantifies the importance of country, industry and time factors in CEE equity returns. The findings suggest that substantial benefits exist from investing in...