The ability of forecast the S&P500 is inconsistent with the notion of efficient markets. this established wisdom has come under attack in the past few years, from such concepts as noise trading. A Potential problem with noise trading, however, is that there are no tools to inform inormation of...

The weekend effect is an empirical enomaly that has attracted substantial attention. Following the work of Connoly (1989) it is necessary to revisit previous empirical work. In this paper we examine the weekend effect in Malaysia over the period 1986-1993.

This paper sets out an alternate test of an agency problem and then investigates how that problem is managed. The remainder of this paper contains six sections. The fist sectuion is an introduction. The second section sets a potential for the agency problem in South Africa. The third section...