Studies in Economics and Finance: Volume 34 Issue 1

The impact of global financial market uncertainty on the risk-return relation in the stock markets of G7 countries

Geoffrey Loudon

This paper aims to investigate the effect of global financial market uncertainty on the relation between risk and return in G7 stock markets.

Returns to acquirers of listed and unlisted targets: an empirical study of Australian bidders

Pascal Nguyen, Nahid Rahman, Ruoyun Zhao

This paper aims to evaluate the robustness of the listing effect in Australia, that is whether acquisitions of private firms create more value to the bidding firm’s shareholders…

Taxation in a mixed economy: the case of China

Davidson Sinclair, Larry Li

The purpose of this paper is to investigate how Chinese firms’ ownership structure is related to their effective tax rate. The People’s Republic of China provides an interesting…

Determination of China’s foreign exchange intervention: evidence from the Yuan/Dollar market

He Li, Zhixiang Yu, Chuanjie Zhang, Zhuang Zhang

The paper aims to investigate the determinants of China’s daily intervention in the foreign exchange market since the 2005 reform aimed at moving the Renminbi (RMB) exchange rate…

Short selling regulation, return volatility and market volatility in the Athens Exchange

Charilaos Mertzanis

The relationship between short selling, market volatility and liquidity remains an object of intensive research. However, empirical evidence is yet to provide a conclusive…

The effect of holding company affiliation on bank risk and the 2008 financial crisis

Krishnan Dandapani, Edward R. Lawrence, Fernando M. Patterson

The organizational form of financial institutions is related to their level of risk, leverage, liquidity and capitalization. High level of risk and leverage and lower levels of…

Credit ratings, relationship lending and loan market efficiency

Keldon Bauer, Omar A. Esqueda

Using the small-business loan market, this paper aims to test whether a structural shift in access to borrowers’ financial information (i.e. credit ratings) improves market…

Determinants of stock market development: a review of the literature

Sin-Yu Ho, Bernard Njindan Iyke

This paper aims to provide a comprehensive review of the literature on the determinants of stock market development.