We employ the Barberis et al. (2005) methodology to investigate the impact of changes to the FTSE 100 index on return comovement 1992-2002. For FTSE entries, the average weekly increase in the beta coefficient is 0.38 in univariate regressions and 0.60 in bivariate regressions that control for...

The main objective of this study is to determine whether the effects of overconfidence bias and the disposition effect continue to exist on the European market. This implies focusing more on the analysis of the possible implications of these biases on the transaction volume. The effects of...

In recent times we have seen an increased interest in separating information signals into good and bad news in order to gain improved insight into the reaction of investors. When we make this separation we find that the behaviour of investors oscillates between being optimistic and pessimistic...

The aim of this paper is to establish the relevance of major investment principles of the Bible in today's business world. Approached from the Sowing and Reaping Principle, the paper identifies an uncertainty gap between sowing and harvest times and concludes that the Divine Presence completes...

This paper examines the informational market efficiency in the Islamic and conventional markets in the Gulf Cooperation Council (GCC) region. It aims to investigate whether Islamic markets would be more or less efficient than the conventional ones. Findings indicate that both Dow Jones Islamic...

The term 'Islamic economics', as a new paradigm for analysing economic behaviour gained popular attention in 1950s, although solitary writings on the subject existed earlier. Unfortunately, the new paradigm remained confined within a limited circle of Muslim writers. Its reach in international...

In Gulf Cooperation Council countries, Islamic banks operate side-by-side with conventional banks. Both their operations are based on their own principles and frameworks although some regulations might overlap with each other. This study aims to explore the impact of fair value accounting on...

The main objective of this article is to determine the relationship between time-varying social mood and the trend of corporate investment distortion. It is rational for firms to issue equities and invest in fixed assets during periods of hot issue markets when market-wide asymmetric information...