We empirically examine stock price index data for eight developed and ten emerging markets from 1970 to 1997. There were nine stock market crises over our sample period, three each in the developed stock markets, the Asian stock markets and the Latin American stock markets. We find important...

At a time when distrust of corporate management is at an all-time high and the media are increasing their focus on corporate governance, Standard amp; Poor's has published a study that examines the transparency and disclosure (Tamp;D) practices of major public companies around the globe. This...

We examine country and industry influences on returns of companies in 15 European countries from June 1989 to August 1998. We investigate the sources of earlier disparate conclusions on the relative influence of country and industry. We find that the conclusions on sector/industry influences...