The main objective of the paper is to test whether post-earnings announcement drift (PEAD) is a consequence of the presence of self-attribution bias in investors' expectations, regarding permanent earnings. This is the first study to examine empirically this issue, in the sample of Athens Stock...

The aim of this paper is to compare the empirical results from three alternative parametric efficiency models using rank-sum test statistic. The comparison involves the technical efficiency scores and their hospitals ranking of the following models: a) Battese and Coelli (1992); b) technical...

This paper explores the business cycle in Bulgaria and the Baltic countries: Estonia, Latvia and Lithuania during the 1993-2005 period. The paper aims at deepening the understanding of the nature of output fluctuations. The neoclassical approach will be employed, much in the spirit of the real...