Gold's role as a safe haven asset has been intensively studied in recent years. This article extends the previous literature and examines the safe haven properties of four precious metals (gold, silver, platinum and palladium) in a time-varying manner. Results from the United States show that...

This paper examines short-term and long-term comovements between developed European Union (EU) stock markets and those of three Central European (CE) countries which recently joined the EU. Dynamic cointegration and principal components methods are applied, in addition to static tests. While we...

This paper investigates the relationship between seven mood-proxy variables and a global equity dataset using a variety of group tests. The mood-proxy variables are constructed from weather data (precipitation, temperature, wind, geomagnetic storms) and biorhythm data (seasonal affective...

This paper examines the relationships between Russian and other equity markets over the period of 1995-2004. To account for potential instability in the market relationships we apply a number of cointegration approaches: Gregory-Hansen [1996. Residual-based tests for cointegration in models with...

Purpose – The paper aims to examine whether and under what circumstances social status of chief executives can be associated with corporate financial decisions, in particular via risk aversion or risk loving to the extent of mergers and acquisitions. Design/methodology/approach – The authors...

Gold is traded worldwide, mainly in London, New York, Tokyo and Shanghai. We apply the recently developed spillover index approach of Diebold and Yilmaz (2009) to investigate the degree to which these markets are integrated, and which are net senders or recipients of information. The evidence...