Purpose: The current study proposes an integrative framework for examination of determinants of stock returns in US market based on the five-factor Fama and French (FF) model, macroeconomic variables and investor sentimental factors. The study is based on both value weighted and equally...

The aim of this article is to test the profitability of technical trading rules in the intra‐day currency futures market. A wide range of technical strategies are applied to tick data over a two‐year period for two currency futures—Japanese Yen (JY) and Deutschemark (DM)—traded in the...

The recent evidence has shown that IPO uncertainty continues in aftermarket until a normal market is established. Evidence also indicates that aftermarket risk measured by stock’s beta is related to the degree of underpricing in the US market. This may imply that additional underpricing...

In the United Arab Emirates, the government holds ownership in 48 percent of all stock exchange-listed firms. However, prior evidence does not make clear whether the government linkage of a company via ownership holding is good or bad for the firm's performance. We propose two hypotheses. The...

This paper analyses the performance of all IPOs in the Malaysian stock market between 1995 to October 1997. The effects of underpricing are examined based on the two trading boards, the main and second board. This study extends the analysis by examining the IPOs performance by the size of...