Purpose -The purpose of this paper is to analyse the creation of shareholder value (SHV) created by non-depository financial institutions and, especially, by leasing and factoring (L&F) companies. Design/methodology/approach -The cost of capital of both L&F companies is estimated using an...

Purpose – The purpose of this paper is to analyse the creation of shareholder value (SHV) created by non‐depository financial institutions and, especially, by leasing and factoring (L&F) companies. Design/methodology/approach – The cost of capital of both L&F companies is estimated using...

Purpose –This paper develops the approach suggested by Howe et al. to examine the impact of cross-listings on stock price volatility in Europe. Design/methodology/approach - A modified generalized autoregressive conditional hetero-skedasticity (GARCH) modeling approach as suggested by Li and...

Purpose – This paper develops the approach suggested by Howe et al. to examine the impact of cross‐listings on stock price volatility in Europe. Design/methodology/approach – A modified generalized autoregressive conditional hetero‐skedasticity (GARCH) modeling approach as suggested by...