The purpose of this study is to examine whether investor sentiment influences the stock price reaction to football matches results, giving some contribute to the behaviour finance, or if investors react in a rational way, giving evidence of standard finance. To proxy for investor sentiment, we...

The study examines the cross-sectional probability distributions of selected important economic value added and financial accounting ratios for the 50 most actively traded common stocks in Egypt. The results indicate that the distribution of short-term debt and bondholders returns seem to be...

The state of the world economy is something of a moving feast. Each week, news from the USA, Europe and now China registers a new development, with a growing appreciation of the interconnectedness of the world economy. 'Understandings' are often confounded with 'happy talk' (what used to be...

The paper proposes a foundation for an orbital theory of accountability extending from negligent misstatement to consideration for the welfare of an unknowable posterity. Inner orbits of accountability are circumscribed by enforceable laws within any one jurisdiction. Middle orbits include...

We examine whether the incremental usefulness of the other comprehensive income (OCI) items relative to net income changed or not after the issuance of the Egyptian Accounting Standard number 1 (post-EAS 1). We also seek to depict inferences concerning which component(s) of OCI is more useful to...

This study investigates the determinants of stock options grants to CEOs by Portuguese firms from 2003 to 2006. Using a sample of 155 observations, we find that the CEO's equity ownership, liquidity constraints, board composition and firm size significantly increase the probability that firms...