Purpose – The purpose of this paper is to examine the hypothesis that a central bank's asymmetric preferences are able to explain inflation rate in a developing country. In addition, it seeks to help comprehend movements of inflation rate in Jordan and to understand Central Bank of Jordan...

Purpose – The purpose of this paper is to investigate the cost efficiency of banks operating in two “non-core” EU countries, Portugal and Spain, over a number of years. Specifically, the paper aims to examine the extent to which banks' efficiency is influenced by their portfolio...

Purpose – The purpose of this paper is to examine the effect of ownership structure and corporate governance on capital structure decisions of firms on the Ghana Stock Exchange (GSE). Design/methodology/approach – To analyze the impact of ownership structure and corporate governance on...

Purpose – The purpose of this paper is to reinvestigate the performance of common stock returns with respect to two popularly known firm level characteristics: size and book-to-market ratio. Design/methodology/approach – All of New York Stock Exchange, American Stock Exchange, and National...

Purpose – The purpose of this paper is to examine the impact of heterogeneous expectations on the equilibrium value of a risky asset in a capital market populated by investors that choose mean-variance efficient portfolios. Design/methodology/approach – A single-period, discrete-time version...

Purpose – To provide an alternative channel of investigation of comovement in four large European equity markets over a sample period of nearly 30 years. Design/methodology/approach – The paper adopts a two stage methodological approach. In the first instance, the interaction between the...

Purpose – In this paper, the aim is to investigate the tail behavior of daily stock returns for three emerging stock in the Gulf region (Bahrain, Oman, and Saudi Arabia) over the period 1998‐2005. In addition, the aim is also to test whether the distributions are similar across these...

Purpose – This paper, using Turkish stock index data, set outs to present long‐term memory effect using chaotic and conventional unit root tests and investigate if chaotic technique as wavelets captures long‐memory better than conventional techniques. Design/methodology/approach – Haar...

Purpose – The main objective of this paper is to critically examine the effects of the ongoing reform process on the overall functioning of Serbia's banking system. It is essential that this reform process bears fruit by developing a sound, efficient and reliable banking system....

Purpose – The purpose of the present paper is to examine the impact of off‐balance sheet (OBS) activities on non‐bank financial institutions' (NBFI) productivity. Design/methodology/approach – The paper utilized the Malmquist Productivity Index (MPI) methodology, which allows us to...