This paper examines a new issue in the tramp shipping industry -- mergers and acquisitions -- which has drawn firms into a competition on size, market share and total tonnage. The purpose of this paper is to investigate the behaviour of tramp shipping firms' stock returns, when they announce...

This paper investigates the effects of stock markets on the process of secondary capital markets (parallel markets) growth in some European Union countries. If European secondary stock markets have become more integrated with one another and with world capital markets, we would expect to see...

This paper investigates whether current and future domestic and international macroeconomic variables can explain long and short run stock returns in four 'new' European countries (Poland, Czech Republic, Slovakia and Hungary). 'Old' western European countries (UK, France, Italy and Germany) are...