Managerial Finance: Volume 27 Issue 8

Serial correlation, non‐stationarity and dynamic performance of business failures prediction

Emel Kahya, Arav S. Ouandlous, Panayiotis Theodossiou

Outlines previous research on business failure prediction models and investigates the impact of serial correlation and non‐stationarity in financial variables on models based on…

Assessing country risk using a multi‐group discrimination method: a comparative analysis

M. Doumpos, K. Pentaraki, C. Zopounidis, C. Agorastos

Explains the importance of assessing country risk to lenders and investors, outlines previous research on techniques for doing this and describes a classification method: the…

Deregulation and operating efficiency: the case of the Greek banks

Athanasios G. Noulas

Outlines the deregulation of banking in Greece and previous research on measuring banking efficiency. Uses 1993‐1998 data to assess the effects of deregulation on both private and…

The near‐term financial performance of capital expenditures: a managerial perspective

Sungsoo Kim

Notes that although previous research has found capital expenditure to be value relevant, there has been no direct evidence that it has a positive linear association with future…

Investigating the profitability of technical analysis systems on foreign exchange markets

Stephanos Papadamou, Stavros Tsopoglou

Reviews previous research on exchange rate forecasting, identifies some problems in building a predictive model and examines the profitability of using various technical rules (as…

An empirical investigation of Greek drachma foreign exchange market

K.A. Agorastos

Examines the formation of expectations, efficiency and conditional volatility in the foreign exchange market for the Greek drachma using 1987‐1998 data. Presents the statistical…