While conventional academic finance emphasizes theories such as Modern Portfolio Theory (MPT) and the Efficient Market Hypothesis (EMH), the emerging field of behavioral finance investigates the cognitive factors and emotional issues that impact the decision-making process of individuals,...

This paper contributes to portfolio selection methodology using bayesian theory. A new estimation approach is applied to forecast the mean vector and covariance matrix of returns. The proposed method accounts for estimation errors. We compare the performance of traditional Mean Variance...

While many studies have demonstrated the impact of weather conditions along with lunar phases on stock markets, this paper explores the impact of lunar phases on the bank lending channel for a sample of European banks, using the GMM estimator methodology, suggested in Arellano and Bond (1991),...

In this paper, we’ll try to study the impact of ownership structure (state owned/private) of banks in Tunisia on its level of cost efficiency. While, we have proposed an assessment of the cost efficiency of Tunisian banks during the period 1999-2009 on a sample of 17 universal banks using a...

This paper theoretically analyses the measurement of capital flight scale, and the factors that affect capital flight. Then the basic equation of capital flight is improved by introducing three lemmas. -- capital flight ; equation ; capital control

Economic development has been the focus of many studies in Islamic economics. This paper seeks to highlight the invaluable contributions that Islamic insurance (Takaful) can make to the goal of economic reforms enunciated by the present Nigerian government The paper generally argues that there...

This study was developed based on the theory of cultural relevance of accounting proposed by Baydoun and Willet [4] from the contributions originally released by Gray [16], which highlights the link between the accounting values and the practices that are materialized in the form, content and...

Prior research reports a remarkable homogeneity of hedge fund performance rankings produced by common risk-adjusted performance ratios. The paper at hand contributes to the discussion by studying the behavior of, and the relationship between these performance ratios over the time period from...

This study aimed at establishing the degree of influence of cost elements on the productivity of manufacturing companies. The study made used of a survey research design method and data were obtained through questionnaire and analyzed with the Ordinary Least Square (OLS) method. The study...

This paper addresses the intra-regional trade of the countries of the Gulf Cooperation Council (GCC), namely, the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait. We have found that the intra-regional trade is still at a modest level, where the trade intensity index showed...