This study examines the extent to which reputation constructs proposed in NAH (Nahata 2008) or OBH (Obrimah 2016a) exhibit uniqueness properties expected to be characteristic of reputation constructs. Empirical results provide evidence of concave (non-unique) relations between reputation...

Absent superior performance with respect to 'Portfolio Innovation Focus' (unexpected innovation), this study finds 'less experienced' ('competing') VCs, which only coinvest with other less experienced VCs, become less reputable than alternate less experienced ('non-competing') VCs who coinvest...

PurposeThis study examines whether the skewness of bid-ask spreads (bid-ask skewness), an information factor, can outperform the skewness of the exchange rate process (FX skewness) - a momentum variable - at forecasting future realizations of exchange rates.Design/Methodology/ApproachEmpirical...

Let IPO volume simply be denoted `volume'. This study finds low and high volume regimes within stock markets are, respectively characterized by low or high valuation uncertainty risk, with outcome underpricing is higher yet more disparate in context of high volume regimes. This finding questions...

This study finds crude oil prices (`oil prices') affect market or portfolio expected returns on the NSE only via inducement of changes to risk aversion parameters of the `representative agent' who has exposure to both stock market return volatility risk and oil price risk. I refer to this effect...

We find an asset pricing model which consists of the market portfolio, the market skewness or co-skewness factors, and portfolio idiosyncratic volatility factor best explains portfolio risk-return trade-offs on the Nigerian Stock Exchange (NSE), indicating this model is appropriate for studies...

Juxtaposition of relative importance of risk aversion and information risk for maintenance of bid-ask spreads that always are positive reveal primacy of information risk over dealer risk aversion. While empirical results provide evidence for pricing of dealer risk aversion in context of a lower...

In this study, we find savings deposits have contributed significantly to the effectiveness of regulation induced consolidation within the banking sector in so far as improvements in banking system structure, output, profitability, and competitiveness are concerned. Specifically, we find savings...

Relative to free floating exchange rate regimes, I find the adoption of a hybrid exchange rate regime induces alternate research questions within the context of new Keynesian theory. Specifically, while exchange rates are measures of differences in monetary equilibria within a cross-section of...

This paper provides evidence that venture capitalists' (VCs') market reputation consists of two components: an expected component derived from "expectations about VCs' ability to deliver relatively safe ventures to market" and an unexpected component derived from "unanticipated improvements in...