The disclosure of Corporate Governance (CG) information by firms has been found in prior studies to have an impact on the market value of firms. This thesis extends the research by studying the impact of voluntary CG disclosure by firms in Hong Kong, a market which provides a strong legal...

This thesis contains the findings of an examination of the relationship between internal corporate governance structures and the financial performance of South African listed firms. Specifically, using a sample of 100 South African listed firms from 2002 to 2006 (a total of 500 firm-year...

The empirical motivation of this dissertation is the increasing importance of financialmarket’s regulation pursuant of the Sarbanes Oxley Act of 2002 (SOX). There is currentlyincomplete knowledge on the relationship between insider trading and earningsmanagement on the one hand and earnings...

The aim of this study is to investigate whether the public release of interim financial reports in the United Kingdom conveys information that affects share prices. The major objective for reporting the financial affairs of business enterprises is assumed to be the provision of information to...

Nominal exchange rate stability has long been considered as a policy choice for many oil-exporting economies, including the GCC countries. The main motives for such policy choices include the desire to import credibility to domestic currencies, stabilize oil revenues and in turn government...

This study extends evidence on the efficiency of stock markets in developing countries using data from the Nairobi Stock Exchange (NSE). Previous evidence from studies on stock markets in developing countries, and NSE in particular, is inconclusive. In many cases, the findings have not supported...

While there have been a number of studies of foreign exchange risk management in UK Multinational Companies (MNCs), the management of economic exposure has received very little attention. The aim of this study was to describe the management of economic exposure (and its relationship to...

Financial reporting should provide decision makers with useful information. One qualitative characteristic of useful information is its classificatory value. Prior studies in accounting, economics and finance provide evidence that balance sheet and income statement ratios can be utilised to...

The objective of this study is to provide evidence on the efficiency of the stock options market of the European Options Exchange. `Riskless' spreading and hedging strategies using the Black-Scholes call option pricing model with the Merton dividend adjustment, are used to test market...

This study examines the determinants of foreign direct investment (FDI) and the effect of FDI on trade in a panel of bilateral outward FDI stocks of 19 OECD countries in Turkey between 1982 and 2007. Employing a knowledge-capital model, this study finds that joint national incomes, per capita...