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...

I find policies targeted at stabilizing exchange rates within the context of Nigeria's managed floating exchange rate regime have not allowed for direct inflation targeting. In spite of this constraint, which is predicted by and consistent with macroeconomic theory, however, interactions between...

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...

This study demonstrates that a market structure within which anticipation of an adverse increase to market volatility risk in future periods induces proactive `exits' from, and `entries' into stock markets leads to the formal theoretical prediction that `ability risk' is priced. The formally...

It is a stylized fact of formal mathematical modeling that a 'space' cannot be described by attempts at parameterization of distances or areas (under or above curves) that feasibly could occur within the space. Tools for parameterization of mathematical spaces, such as Set Theory, Connectedness,...

This study develops a new formal theoretical rubric for ranking of proxies for institutional factors that, conceptually, have taxonomy of either of facilitators of, or constraints on economic development. Illustrative implementations of the formal theoretical rubric reveal that spending on each...

There exists extant evidence which shows risk-return trade-offs within stock markets cannot be rationalized by assumptions of global risk aversion. The extent to which dearth of global risk aversion is evidence of transitions between risk averse and risk seeking preferences, or interactions...

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...