Table of contents
International interest rate linkages: implications for monetary policy
Nikiforos T. LaopodisThe paper explores the implications for monetary policy from the greater integration of major capital markets since 1980 using long‐term interest rates. The empirical approach is…
Hedging strategies using LIFFE listed equity options
Dritsakis Nikolaos, Grose ChristosEx ante tests of the efficiency of the London options market explain alternative hedgingstrategies to fund managers who seek to comprehend the opportunities in the options…
Dividend smoothing and optimal re‐investment
Richard John FairchildLintner’s (1956) survey revealed that managers are concerned about dividend signalling over time, and adopt a smoothing policy. In addition to signalling, dividend policy may…
The early performance of non‐US banking equities on the NYSE
Mark SchaubThe finance literature extensively documents the abnormal positive returns of unseasoned initial public offerings (IPOs) in the early trading. Neuberger and LaChapelle (1983)…
Market valuation of Dot Com companies; R&D versus hype
Jamie C. Gollotto, Sungsoo KimThis article empirically examines whether the ratio of research and development (R&D)spending to sales and marketing spending has an impact on the valuation of Dot Com companies…
Investigating bank structure of an open petroleum economy: the case of Saudi Arabia
Musa Essayyad, Haider MadaniThis article investigates concentration, efficiency, and profitability of commercial banks operating in Saudi Arabia, which is considering acceding to the World Trade Organisation…
Why do stock prices react to bond rating downgrades?
Yongtae Kim, Sandeep NabarPrior research (e.g Holthausen and Leftwich, 1986) has found that firms’ stock prices react negatively to announcements of downgrades of their bond ratings. Our study examines…
ISSN:
0307-4358Online date, start – end:
1975Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Professor Don Johnson