This study examines the relationship between equity analysts and information asymmetry, and the extent of leakages in analyst recommendations. Literature suggests that analysts reduce information asymmetry by bringing privately held information to the market, and through superior analysis of...

This paper investigates three techniques for the estimation of conditional timeâ€dependent betas: (a) a multivariate generalised ARCH approach; (b) a timeâ€varying beta market model approach suggested by Schwert and Seguin (1990); and (c) the Kalman filter technique. These approaches are...

This paper offers empirical insights into the determinants of listing activity using, annual data sampled across 38 exchanges. Listing activity in developed countries stock markets is influenced by a range of variables which capture stock market and business conditions. The single most important...