Purpose – The paper aims to investigate whether the wave of mergers observed in other European countries is suitable for the German banking industry. Design/methodology/approach – This question is approached by studying the relationship between market structure and profit (the so-called...

Purpose – The main aim of this paper is to report on a comprehensive survey of corporate financing decision-making process in Sri Lankan listed companies and to compare these results with those of similar studies conducted in developed markets. Design/methodology/approach – The study was...

Purpose – Seeks to analyze the role of population and wealth in determining capital movements between countries. Design/methodology/approach – By applying the Clark‐Jokung 50 percent portfolio theorem, considers the specific case of a two country world where the cumulative conditional...

Purpose – The purpose of this paper is to investigate the efficiency of the emerging stock markets in the Middle Eastern countries. Design/methodology/approach – The paper investigates the validity of the random walk hypothesis (RWH) and tests for calendar effects in five major Middle...

Purpose – This paper aims to extend the work by Vafeas and Lie and Lie by developing an empirical model of choice among four alternative mechanisms for distributing cash from corporations to shareholders: a fixed‐price self‐tender offer, a Dutch auction self‐tender offer, an open market...

Purpose – The purpose of the analysis is to estimate price elasticities of demand for individual FTSE‐100 stocks between 1 August 1994 and 31 July 1995. Design/methodology/approach – This paper measures excess demand in order to measure the slope of the demand curve for individual stocks....

Purpose – Malkiel and Xu state that idiosyncratic volatility is highly correlated with size and that it plays a powerful role in explaining expected returns. The purpose of this paper is to ask whether idiosyncratic volatility is useful in explaining the variation in expected returns; and...

Purpose – This paper aims to investigate the main motivations for Italian insiders to trade relevant stakes of their companies, specifically assuming that most transactions are driven by speculative intents. According to an information asymmetry hypothesis, insiders, having a superior...

Purpose – To investigate the performance of moving average trading rules in an emerging market context, namely that of the Jordanian stock market. Design/methodology/approach – The conditional returns on buy or sell signals from actual data are examined for a range of trading rules. These...