Purpose: Retail investors use information provided by mutual fund rating agencies to make investment decisions. This paper aims to examine whether the ratings provide useful information to retail investors by analyzing the rating migration and closure risk of mutual funds that received...

Purpose: This paper aims to investigate the causes of mergers and acquisitions (M&A) deals that acquiring firms pay excess premium beyond the market-expected level and examine the relation between the announcement return and long-term performance of the acquiring firms....

Purpose: This paper aims to examine the influence of key macroeconomic factors on the inward and outward acquisition activities of six ASEAN (ASEAN: Association of Southeast Asian Nations) countries, namely, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam, over the...

Purpose: This paper aims to investigate the determinants of bilateral exports of India to the USA by taking the non-linearity issue in export demand equations which is neglected so far in the empirical work. The study tries to know the reaction of change in exports to exchange rate changes in a...

Purpose: The purpose of this paper is to examine whether superior risk-adjusted returns can be generated using monthly covered call option strategies in large capitalized Australian equity portfolios and across varying market volatility conditions. Design/methodology/approach: The authors...

Purpose: This study aims to examine the relation between population composition and financial market variables in post-war Japan. Design/methodology/approach: Cointegration and Granger causality tests are applied to annual data for the period 1948-2015. Findings: Accounting for nonstationarity,...

Purpose: This study aims to examine the presence of the day-of-the-week (DOW), January and turn-of-month (TOM) effect in 20 currency pairs against the US dollar, from January, 1995 to December, 2014. Design/methodology/approach: Ordinary least square with GARCH (1,1) framework is used to...

Purpose: The purpose of this paper is to test whether the qualitative variables regarding the territory and the firm–territory relationship can improve the accuracy rates of small business default prediction models. Design/methodology/approach: The authors apply a logistic regression to a...

Purpose: This study aims to implement a novel approach of using the Realized generalized autoregressive conditional heteroskedasticity (GARCH) model within the conditional extreme value theory (EVT) framework to generate quantile forecasts. The Realized GARCH-EVT models are estimated with...

Purpose: This paper aims to assess the effects of housing market shocks on real output in South Africa, by focusing on the real private consumption channel. Design/methodology/approach: It measures housing market shocks as non-monetary housing shocks, uses a data set covering the period...