Behavioural finance confirmed the existence of two types of agents, fundamentalists and chartists, in the financial market. Fundamentalists follow the traditional efficiency market theory based on adaptive learning rule, whereas chartists follow the price tendency and past price movements. This...

Purpose: The purpose of this paper is to evaluate and compare bank efficiency between the two Maghreb countries, Tunisia and Morocco, over the period 2005–2014. Design/methodology/approach: The authors follow the stochastic frontier analysis, where the preferred cost model is determined via...

This research aims to identify the impact of exchange rate volatility on the fluctuations of stock markets prices, considering two countries from MENA zone. Several gaps in the literature have been identified, indeed, previous works used very short periods of study, many important variables were...

This study aims to evaluate the effect of adding bitcoin in a diversified portfolio comprising traditional assets (bonds, European, Asian and international stock market indices) and alternative assets (gold and commodities) from an European investor point of view. Monthly data cover the period...

This work addresses the impact of imperfections, such as information asymmetry and market sentiment, on the performance of option pricing models. More precisely, this work compares the option pricing model of Black and Scholes and the same model in the presence of imperfections. This study is...