The aim of this article is to characterize the dynamics of stock returns of 10 leading mining firms over a politically unstable period, marked by 9/11 and the subsequent invasion of Iraq. To that end, we analyze the evolution of return volatility over time, examine the dynamics of volatility...

The finance literature has extensively documented the role of debt in influencing corporate investment decisions. This study focuses on testing two well-known hypotheses—on underinvestment and overinvestment—in three emerging countries: Chile, Brazil, and Mexico during the period 1997-2006....

Extreme value theory (EVT) focuses on modeling the tail behavior of a loss distribution using only extreme values rather than the whole data set. For a sample of 10 countries with dirty/free float regimes, we investigate whether paired currencies exhibit a pattern of asymptotic dependence. That...

Spatial dependency has been studied in several research areas, such as environmental criminology, economic geography, environmental sciences, and urban economics. However, it has essentially been overlooked in other subfields of economics and in the field of finance as a whole. A key element at...