Chaos theory has generated a conceptual revolution regarding the analysis of capital markets. In general, capital market is an exciting and suitable field to apply chaos theory. Through its fundamental characteristics, an emerging capital market such as Bucharest Stock Exchange is even more...

This paper aims to study a controversial issue such as an apparent antagonistic contradiction between the concept of market efficiency and the emerging capital markets. It is very well known the fact that most of the efficient market research have focused on developed capital markets and it is...

This article presents an exhaustive analysis of the normal distribution assumption in terms of emerging capital markets. The accuracy of such assumptions is fundamentally contested by the results of empirical analysis. In addition, this paper is also a conceptual debate between classical theory...

Conventional Value-at-risk (VaR) models tend to underestimate stock market losses, as they assume normality and fail to capture the frequency and severity of extreme fluctuations, Extreme value theory (EVT) overcomes this limitation by providing a framework in which to analyze the extreme...

Applying mathematical models to assess the cost of capital is frequently used for investments in marketable assets in the stock market. Using these models to substantiate investments management decisions has to provide accurate estimations of future yields or otherwise, to eliminate the...

One of the main culprits for the international financial crisis started in late 2007 and still in progress, it is, in the opinion of many experts, the creation and trading in excess of the derivatives. This theory developed in close relationship with the mature capital markets where the...

After decades of steady liberalisation and financial market development, emerging capital markets experienced unparalleled capital inflows in the aftermath of the emerging markets crisis in the 1990s. This paper studies portfolio investment decisions of German banks in 30 emerging capital...

The study examines evidence for the transmission of the US and EU financial crises via investor holdings into the Chilean stock market following two global financial crises, in 2008 and 2011. The study modified the models of Bekaert et al. (2014), and Dungey and Gajurel (2015) on the 2007-2009...

The contribution of this paper is to provide evidence, from a sample of 281 listed companies, about Egyptian convergence to international accounting. We construct indices to measure both disclosure and measurement/presentation convergence, and the impacts of education and training, tax, and...