The Efficient Market Hypothesis (EMH), the central assumption of modern investment theory, advocates the idea that information cannot produce extraordinary long-term returns in capital markets. The notion that stock markets are efficient, however, is called into question by market oddities....

This paper studies the relationship between the disclosure level and firm-specific characteristics of firms listed on the Tehran Stock Exchange (TSE). Our study contributes to the firm financial disclosure literature by documenting the empirical evidence on the relationship between CEO tenure...

Securities markets continuously innovate to keep pace with technology. It is often debated if such innovation is beneficial, and which market participants capture the benefits. We contribute to this debate by examining liquidity effects of a wide range of proprietary products and services...

The main objective of the study is to know the effect of the five macroeconomic variables (oil price, economic growth, exchange rate of the Iraqi dinar, foreign direct investment and interest rate) on the general index of the Iraq Stock Exchange for the period (2005-2018) using statistical and...

This paper investigates the decline in the number of listed companies on the Johannesburg Stock Exchange by focusing on voluntary decisions to “go private.” It contributes to the important and ongoing debate in the economics and corporate finance literature on the relationship between the...

The study attempts to understand the influence of Brent oil price per barrel (BOP), the general index of 30 stocks in Saudi Arabia (MSCI30), the number of Covid-19 new infected cases (NIC_19), ounce gold price (OGP), and US dollar base to Iraqi Dinar exchange rate (USD_IQD) upon Iraq stock...

The objective of this paper is to examine the effect of government spending fluctuations on firms' value in Selected Industries of Tehran Stock Exchange, using the TVP-FAVAR approach and using seasonal data during the period (2011-2018). The results from the TVP-FAVAR model describe that the...

Most organ exchanges conducted in the real world deal with the same organ. Donors participating in an organ exchange are generally in good health and can thus donate any organ they are able to. However, an organ exchange, in which each pair of donors donates a different organ, may increase the...

Purpose - Despite volumes of research on the efficient market hypothesis (EMH) over the last six decades, the results are inconclusive as some studies supported the hypothesis, and some studies rejected it. The study aims to examine the market efficiency of the Indian stock market....

This study examines the link between market risk and equity return in Nigeria between 1980 to 2019. It employs the vector error correction model (VECM) to determine the short run dynamics and long run effect of market risk factors on stock return. The findings revealed that a dynamic...