Studies in Economics and Finance: Volume 35 Issue 2

Are covered calls the right option for Australian investors?

Scott J. Niblock, Elisabeth Sinnewe

The purpose of this paper is to examine whether superior risk-adjusted returns can be generated using monthly covered call option strategies in large capitalized Australian equity…

Terminal values for firms with growth opportunities: explaining valuation and IPO price behavior

Tom W. Miller

The purpose of this paper is to use fundamental models incorporating structural relationships within the firm in a terminal value model for the second stage of a two-stage…

The performance of IPOs excluding the jump

Stoyu I. Ivanov

This paper aims to examine performance of firms with a negative second-day return after the Initial Public Offering (IPO) relative to stocks with a positive second-day return…

Assessing the effects of housing market shocks on output: the case of South Africa

Bernard Njindan Iyke

This paper aims to assess the effects of housing market shocks on real output in South Africa, by focusing on the real private consumption channel.

Cross-border merger and acquisition activities in Asia: the role of macroeconomic factors

Yusnidah Ibrahim, Jimoh Olajide Raji

This paper aims to examine the influence of key macroeconomic factors on the inward and outward acquisition activities of six ASEAN (ASEAN: Association of Southeast Asian Nations…

Portfolio selection using the Riskiness Index

Doron Nisani

The purpose of this paper is to increase the accuracy of the efficient portfolios frontier and the capital market line using the Riskiness Index.

Global risk factors in the returns of listed private equity

Jörg Döpke, Lars Tegtmeier

The purpose of this paper is, to study macroeconomic risk factors driving the expected stock returns of listed private equity (LPE). The authors use LPE indices divided into…