According to the signaling theory, dividend announcements are usually considered as a signal to the investors, about firm's future performance, that results in stock prices changes. This study attempts to investigate the stock prices response to dividend announcement in the Damascus Securities...

According to the signaling theory, dividend announcements are usually considered as a signal to the investors, about firm’s future performance, that results in stock prices changes. This study attempts to investigate the stock prices response to dividend announcement in the Damascus Securities...

The majority of empirical literature on random walk behavior has interested on developed and emerging markets. However, few studies have been carried out to test the randomness of returns series on less developed markets. Damascus securities exchange is a young and nascent market in the Middle...

The majority of empirical literature on random walk behavior has interested on developed and emerging markets. However, few studies have been carried out to test the randomness of returns series on less developed markets. Damascus securities exchange is a young and nascent market in the Middle...

This paper deals with the way in which various legal instruments provide compensation to victims of catastrophes in Europe. The traditional law and economics of insurance literature with respect o government relief and insurance solutions towards financial compensation is used to analyse various...

La littérature sur les pays de l’Europe Centrale et Orientale est très riche mais porte essentiellement sur les transformations macroéconomiques. Dans cet article nous visons démontrer l’hétérogénéité des résultats obtenu pendant la transition en Europe Centrale et Orientale, à...

L’objectif de cet article est d’identifier les sources de l’antitrust contemporain dans des anciennes doctrines juridiques, notamment celles de la common law. Les restrictions de la concurrence et du commerce étaient poursuivis et sanctionnées en Angleterre depuis le début du Moyen Age...

Many injurers now offer to buy out victims' property to reduce harm. This pa- per examines the e¢ ciency of buyouts negotiated in the shadow of regulation and liability rules which require injurers to take e¢ cient precautions. It shows that if the social bene?t from precautions is increasing...

This article reassess informational financial contagion theory relevant to systemic risk in banking in the light of a coordination problem approach to economics, and then proceed to analyze and comment some related types of systemic risk policies. Typically, policies to limit or contain...