Using an aggregate credit spread index, we find that it has substantial predictive power for corporate bond returns over short and long horizons. The return predictability is economically and statistically significant and robust to various controls. The credit spread index and its components...

Analysts’ forecast is one of the most common and important estimators for firms’ future earnings. However, it is challenging to fully utilize because of the missing values. This study applies machine learning techniques to impute missing values in individual analysts’ forecasts and...

Purpose The purpose of this paper is to examine the resiliency between conventional banks (CBs) and Islamic banks (IBs) in Bangladesh at the financial crisis, pre-crisis and post-crisis period. Design/methodology/approach Data from 25 banks, 18 CBs and 7 IBs, operating in Bangladesh during the...