In this paper, we estimate a money demand function for a panel of five South Asian countries. We find that the money demand and its determinants, namely real income, real exchange rate and short-term domestic and foreign interest rates are cointegrated both for individual countries as well as...

In this paper we have attempted to analyse the relation between stock returns and trading volume, using daily data of some Indian IT sector stocks. We have checked for both, the contemporaneous and causal relationship between stock returns and trading volume. We found an asymmetric V-shaped...

We estimate the effect of corporate diversification on firm value using a sample of 766 segment-year observations during 2004-2008 for firms listed on the Australian Stock Exchange as of August 2009. In addition to conventionally used measures of diversification, we develop five new measures of...