Purpose: The purpose of this paper is to investigate two research questions: do accounting reports provide information that helps bondholders assess credit risk of financial institutions? What are the relevant accounting variables related to financial institutions’ credit spreads?...

Purpose: This paper aims to investigate the performance of various return forecasting variables and methods in Saudi Arabia and Malaysia. The authors document that market excess returns in Saudi Arabia are predicted by changes in oil prices, the dividend yield and inflation, whereas the equity...

Purpose: The purpose of the paper is to show that order flows determine exchange rate dynamics because they carry information about nonfundamental factors besides macroeconomic fundamentals. Design/methodology/approach: To understand the role of nonfundamental factors in driving order flows,...