Managerial Finance: Volume 40 Issue 3

The information content of the thinner order book following tick size reduction: Evidence from the Taiwan Stock Exchange

Cheng-Yi Chien, Tzu-Hsiang Liao, Hsiu-Chuan Lee

– This paper aims to examine the impact of a reduction in tick size on the information content of the order book by using data from the Taiwan Stock Exchange (TWSE).

The effect on the performance of listed family and non-family firms

Elisabete F. Simões Vieira

– The purpose of this paper is to examine whether the ownership of public firms is related to accounting and market performance, comparing family and non-family listed firms.

The capital structure choices of family firms: Evidence from Italian medium-large unlisted firms

Pietro Gottardo, Anna Maria Moisello

– This paper aims to examine the determinants of capital structure of unlisted firms and how family governance-related factors impact on them.

Financial intermediation spread and stability of the banking system in the Southern Africa Customs Union

Sephooko I. Motelle, Nicholas Biekpe

Asymmetric information impedes the efficiency of financial intermediation by widening the gap between lending and deposit rates. The cost of information gathering is high and…

Does uncertainty boost overconfidence? The case of financial analysts' forecasts

Véronique Bessière, Taoufik Elkemali

This article aims to examine the link between uncertainty and analysts' reaction to earnings announcements for a sample of European firms during the period 1997-2007. In the same…