Countries whose citizens have liberal ideals are less biased toward domestic equity. Data from 30 countries suggests that economic as well as social liberalism is associated with proportionally higher foreign equity ...

In model-free out-of-sample tests, we find that the optimal portfo lio of a utility maximizing investor trading in the S&P500 Index, cash, and index options bought at ask and written at bid prices stochas tically dominates ...

On tenge devaluation and switch to free float regime.

The current chapter looks at a grossly overlooked aspect affecting employee dignity in the workplace – the physical environment. While the knowledge economy has grown tremendously in the last four decades, researchers have ...

Portfolios of “patriotic” stocks earn economically significant positive abnormal returns when people feel more patriotic and excited about their country. We label this phenomenon “patriotic name bias”.

Over the past ten years we have seen how global corporations and their management practices are passing through serious tests. There is an urgent need to improve performance, to manage complex integrations, to reduce costs, ...

This study gets insight from a recently published article which finds out the predicting role of the “CFEAR” in the commodity futures market. It becomes interesting for me to check its robustness in a longer period. Due ...

We investigate whether there exist seasonal anomalies in the Kaza- khstan Stock Exchange (KASE) index. We focus on two well-known ef- fects in capital markets: day-of-the-week and month-of-the-year e ects af- ter ...

Using daily return data from 448 actively managed mutual funds over a recent 9- year period, we look for persistence, over two consecutive quarters, in the ability of funds to select individual stocks and time the market. ...

Prior literature attributes stock price crash risk to managers hiding or personally absorbing firm-specific negative information from investors. Managers hide information in the 10-K reports which lead to stock price crashes ...