Purpose: This study aims to examine whether the publication of analyst recommendations has reaction in the Russian stock market. This study also aims to determine the other factors that influence the reaction. Design/methodology/approach: Event study analysis (ESA) and regression models are...

Purpose: The paper analyzes the effects of the capital structure on company performance (return on assets). The analysis is conducted in a large sample of high-tech manufacturing and service companies in the transition economy (Russian Federation). In addition to the aggregated analysis,...

Purpose: The purpose of this paper is to focus on one of the major emerging Asian economies – India – to examine the role of human capital in asset prices. Design/methodology/approach: The analysis uses various statistical techniques (e.g. multifactor regression model, 3D graphs, GRS test...

Purpose To enhance portfolio decision-making using a capital asset pricing model-based clustering analysis. Design/methodology/approach Capital asset pricing model (CAPM); K-means clustering; agglomerative clustering. Findings Employing clustering along with CAPM to identify varying levels of...