Table of contents
Divergence of opinion and valuation in a mean‐variance framework
Jacques A. SchnabelThe purpose of this paper is to examine the impact of heterogeneous expectations on the equilibrium value of a risky asset in a capital market populated by investors that choose…
Banking performance and technological change in non‐core EU countries: A study of Spain and Portugal
Catarina Figueira, Joseph Nellis, David ParkerThe purpose of this paper is to investigate the cost efficiency of banks operating in two “non‐core” EU countries, Portugal and Spain, over a number of years. Specifically, the…
Evaluating random walk forecasts of exchange rates
Hamid BaghestaniThe random walk forecast of exchange rate serves as a standard benchmark for forecast comparison. The purpose of this paper is to assess whether this benchmark is unbiased and…
Dividend behaviour and smoothing new evidence from Jordanian panel data
Basil Al‐NajjarThe purpose of this paper is to investigate dividend policy decisions in developing countries through studying Jordanian non‐financial firms. It aims to highlight the issue of…
Stock returns, size, and book‐to‐market equity
Pradosh SimlaiThe purpose of this paper is to reinvestigate the performance of common stock returns with respect to two popularly known firm level characteristics: size and book‐to‐market ratio.
ISSN:
1086-7376Online date, start – end:
1977Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Prof Niklas Wagner