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A review of the theory of and evidence on the use of the capital asset pricing model to estimate expected share returns

Laubscher, E.R. - In: Meditari Accountancy Research 10 (2002) 1, pp. 131-146

The underlying principle of the Capital Asset Pricing Model (CAPM) is that there is a linear relationship between systematic risk, as measured by beta, and expected share returns. The CAPM attempts to describe this relationship by using beta to explain the differences between the expected...

Persistent link: https://www.econbiz.de/10014930358

Communicating six sigma's benefits to top management

Freiesleben, Johannes - In: Measuring Business Excellence 10 (2006) 2, pp. 19-27

Purpose – The purpose of this paper is to construct a basic profit model of quality so as to highlight the economic implications of process quality in an accessible way. Design/methodology/approach – Economic evaluation of the four profit parameters (price, unit costs, sales, fixed costs)...

Persistent link: https://www.econbiz.de/10014930649

Strategic investment decision making: the influence of pre‐decision control mechanisms

Alkaraan, Fadi; Northcott, Deryl - In: Qualitative Research in Accounting & Management 4 (2007) 2, pp. 133-150

Purpose – This paper seeks to explore how aspects of pre‐decision control mechanisms impact managerial decision‐making behaviour with regard to strategic investment projects. Design/methodology/approach – This study adopted a mixed‐method research approach. Research evidence was...

Persistent link: https://www.econbiz.de/10014987861

Are sovereign wealth funds “white knights”?

Couturier, Jerome; Sola, Davide; Stonham, Paul - In: Qualitative Research in Financial Markets 1 (2009) 3, pp. 142-151

Purpose – In the continuing credit squeeze, sovereign wealth funds (SWFs) are still active in international lending and are eagerly sought out by large, cash‐strapped companies in the West. The purpose of this paper is to examine their nature and strategies before and after the onslaught of...

Persistent link: https://www.econbiz.de/10014988259

Sukuk investment

Jamilah Abdul Jalil, Mariam; Abdul Rahman, Zuriah - In: Qualitative Research in Financial Markets 4 (2012) 2/3, pp. 206-227

Purpose – The purpose of this paper is to determine whether the amount of profits gained from musharakah mutanaqisah model using coupon rate of 4.5 per cent, price at par and tenure of five years was greater than using ijarah principle where the price is at a discount. Also to compute and...

Persistent link: https://www.econbiz.de/10014988295

Efficiency of Islamic banks: case of North African Arab countries

Al‐Khasawneh, Jamal Ali; Bassedat, Karima; Aktan, Bora; … - In: Qualitative Research in Financial Markets 4 (2012) 2/3, pp. 228-239

Purpose – The purpose of this paper is twofold. The first and the most important is to examine the efficiency of Islamic banks relative to conventional banks operating in North African Arab countries, in terms of cost and revenue efficiency. The second objective is to assess more evidence...

Persistent link: https://www.econbiz.de/10014988296

Complementing a positivist approach to investment analysis with critical realism

O'Donnell, Loretta; Kramar, Robin; Dyball, Maria - In: Qualitative Research in Financial Markets 5 (2013) 1, pp. 6-25

Purpose – The purpose of this paper is to identify the challenges in adding a critical realist epistemological perspective to a positivist approach in research on listed companies by equity researchers and other financial services professionals. Design/methodology/approach – A purposive...

Persistent link: https://www.econbiz.de/10014988299

An investigation of the role of technical analysis in Kuwait

Almujamed, Hesham I.; Fifield, Suzanne; Power, David - In: Qualitative Research in Financial Markets 5 (2013) 1, pp. 43-64

Purpose – The purpose of this paper is to investigate the technical methods that investors in the Kuwait Stock Exchange use to evaluate ordinary shares. The research examines the extent of investors' use of technical analysis, and the technical indicators and the sources of technical...

Persistent link: https://www.econbiz.de/10014988301

Targeting IPOs from the Central European emerging stock markets (CEESM) of Poland during the global financial crisis

Prorokowski, Lukasz - In: Qualitative Research in Financial Markets 5 (2013) 1, pp. 85-118

Purpose – The purpose of this paper is to focus on Initial Public Offering (IPO) investments, performance and activity … mirrored investors' approach to IPO investments. Henceforth, the empirical findings reported in the paper became practical for … attempted in the paper refers to finding out whether IPO investments constitute an attractive alternative for direct equity …

Persistent link: https://www.econbiz.de/10014988303

The influence of heterogeneous expectations on security prices

Abraham, Rebecca; Harrington, Charles W. - In: Review of Accounting and Finance 5 (2006) 1, pp. 5-19

Purpose – The purpose of the study was to provide empirical support for the Miller model. The paper proposes the use of the ratio of individual to institutional holdings as a proxy for heterogeneous expectations of security returns. Design/methodology/approach – Both bivariate t‐tests and...

Persistent link: https://www.econbiz.de/10014989499