The paper summarises the results of a research on financial intermediation and savings mobilization undertaken in Ethiopia in mid-80s. It examines firstly financial system reforms brought about by the Ethiopian socialist regime with the focus on institutional changes and finds out that...

The aim of this paper is to examine the value relevance of accounting earnings and its components for firm valuation in Tunisian Stock Exchange. We have tested three hypotheses relatives to the value relevance of alternative accounting measures and to the effect of the decomposition of this...

The purchase decision for a retail investor is complex, and is based upon multiple attributes derived from impersonal and interpersonal information sources. In this paper we look at the important role that impersonal data disclosure plays in the selection and retention of Australia's 2,637...

The paper defines corporate governance and explains the reasons for its becoming an important issue pursued by many countries in the last decade. Next, the paper reviews how corporate governance issues are addressed in the listing rules of the Cairo amp; Alexandria Stock Exchanges. The paper...

This paper highlights development of Ethiopian banking from the beginning of XX century to 1936. In fact, the history of banking in Ethiopia dates back to the turn of the century, when, in 1905, the Bank of Abyssinia was established in Addis Ababa, under the reign of Menelek II. This event...

The forces of change including technology, institutionalization, globalization and deregulation are affecting stock exchanges worldwide. The cumulative effect of these developments and trends pose fundamental challenges and threats to the continuance of the quot;classicalquot; stock exchanges....

This paper investigates the weak form stock market efficiency in Ghana. We sought to establish whether investors in Ghana can form profitable trading strategies based on the information content of historical stock prices. We employed serial and cross-sectional correlation tests to ascertain the...

Unclaimed dividends refer to declared dividends warrants sent to the various shareholders' addresses that are returned unpaid for one reason or the other to the company. Nigerian investors similar to those of most developing countries are dividend driven, therefore the growth of unclaimed...

Performance is the outcome of work and it provides the linkage between the goals of an organisation and its effectiveness. Since there are various models of performance, this study seeks to empirically identify the most commonly used model by companies quoted on the 1st Tier of the Nigerian...

Somalia, so named from the Somali inhabitants, lies in East Africa, between the Gulf of Aden and the Indian Ocean. The Somali Republic was formed in the Horn of Africa by the amalgamation of Somalia under Italian trusteeship administration, formerly Italian colony, with the British protectorate...