Studies in Economics and Finance: Volume 25 Issue 2

Revenue shifts and non‐bank financial institutions' productivity: Empirical evidence from Malaysia

Fadzlan Sufian

The purpose of the present paper is to examine the impact of off‐balance sheet (OBS) activities on non‐bank financial institutions' (NBFI) productivity.

Analysis of volatility persistence in Middle East emerging equity markets

Ananth Rao

There is growing demand for research approaches that consider the functioning of financial markets in the emerging economy. The current paper aims to examine cointegration and…

Fiscal policy, private investment and economic growth: the case of Ghana

Vera Ogeh Soli, Simon Kwadzogah Harvey, Edmond Hagan

This paper aims to examine the relationships between disaggregated government fiscal policy variables; private capital investment and economic growth in Ghana, as well as the…

A comparative analysis of oil as a risk factor in Australian industry stock returns, 1980‐2006

Evan J. McSweeney, Andrew C. Worthington

This paper aims to examine the impact of crude oil prices on Australian industry stock returns. With rising energy prices, it is important to consider oil as a pricing factor in…