This important Handbook reveals that most urban growth takes place in the less developed world and much of it represents over-urbanization – that is, urbanization in which most migrants cannot effectively compete for employment, cannot find adequate shelter and do not have the means to...

This authoritative Handbook provides a comprehensive account of migration and economic development throughout the world, in both developed and developing countries. Some of the world's most experienced researchers in this field look at how population redistribution patterns have impacted on...

This study examines relations between stock returns and potential explanatory factors in Korea, an important and segmented emerging market. Our results show that Korean stock returns in general and returns on stocks listed in Section 1 in particular are significantly positively related to...

The risk-free rate is an important input in one of the most widely used finance models: the Capital Asset Pricing Model. Academics and practitioners tend to use either short-term Treasury bills or long-term Treasury bonds as the risk-free security without empirical justification. This study...

Market multiples of the largest firms are most likely to reflect efficient pricing of stocks. For such firms, variations in market multiples should be largely explained by fundamental variables, and expected returns should be positively related to beta but not significantly related to other...