Studies in Economics and Finance: Volume 30 Issue 4

Impact of audit quality and ownership structure on the bias and accuracy of earnings forecasts issued in IPO prospectuses: Evidence from a frontier market

A.K.M. Waresul Karim, Kamran Ahmed, Tanweer Hasan

The purpose of this paper is to investigate the impact of audit quality and ownership structure on the degrees of accuracy and bias in earnings forecasts issued in initial public…

Allocation to industry portfolios under Markov switching returns

Deniz Kebabci Tudor

The purpose of this paper is to examine the effects of parameter uncertainty in the returns process with regime shifts on optimal portfolio choice over the long run for a static…

Macro drivers of Australian housing affordability, 1985-2010: An autoregressive distributed lag approach

Andrew Worthington, Helen Higgs

– Model the drivers of Australian housing affordability and forecast equilibrium affordability. The paper aims to discuss these issues.

Stock market linkages among new EMU members and the euro area: Implications for financial integration and portfolio diversification

Christian Dunis, Georgios Sermpinis, Maria Ferenia Karampelia

The purpose of this paper is to focus on the empirical dimension of financial integration among the five newest members of the European Monetary Union (Cyprus, Estonia, Malta…

Inventory accumulation, location and financial structure: evidence from China

Pu Liu, Yingying Shao

The purpose of this paper is to empirically examine the relationship between firms' inventory accumulation and financial structure. It further investigates the impact of…