Purpose –To examine the rationale for the investment principles adopted by faith-based funds from a biblical perspective and to evaluate the performance of faith-based ethical funds. Design/methodology/approach - A multi-factor Carhart model is applied to examine the risk-adjusted financial...

Purpose – The paper aims to determine if a country's Economic Freedom Index value has any relationship to the return of the related country specific exchange traded fund. Design/methodology/approach – A total of 36 country specific exchange traded funds were selected for use in this study....

Purpose – The purpose of this paper is to develop and test a model that can be used to help students learn the investment analysis process and accurately identify good and bad investment opportunities. Design/methodology/approach – The model tested in this research was developed by a former...

Purpose – The purpose of this paper is to explore the impact of S&P 500 index fund money flow on the valuations of companies that are constituents of the index and those that are not. Design/methodology/approach – To examine the impact of passive investing on corporate valuations, the...

Purpose – This study seeks to examine how agency problems and internal capital markets in group-affiliated firms are mutually influenced by the ownership structure, capital structure, and performance. It also aims to examine the endogeneity in group affiliation. Design/methodology/approach –...

Purpose - The purpose of this paper is to study performance and market timing ability of equity real estate investment trusts (REITs). Design/methodology/approach - The authors use classical regression-based framework and their multi-index, multifactor, and conditional extensions to jointly...

Purpose - The purpose of this paper is to re-examine the relationship between real investment and stock prices for the USA for 1960-2005 in view of distinct economic regimes during the 40-year period. Design/methodology/approach - The paper employs simple models of investment, checks for...

Purpose - The purpose of this paper is to test the hypothesis that savers may be substituting equity capital gains from stockholdings for traditional measures of personal saving. The analysis also aims to investigate dividend yield (DY) as a signal to investors about corporate saving rates...

Purpose -The purpose of this paper is to empirically examine the relation between financial leverage and investment opportunities of Chinese industrial firms, which operate in a vastly different financial environment than USA and Japanese firms. Design/methodology/approach -Multivariate...