This paper investigates the temporal stability of various dimensions of the returns of 16 European stock markets that are relevant to an analysis of international portfolio diversification. The basic data consist of daily stock market price indices for these markets. This group of indices...

This study investigates the manner in which the Irish stock market responds to company announcements about dividend payments. In particular, the paper examines whether the predictions of the 'signalling' hypothesis hold or if more recent findings (which suggest that there is little...

Finesse is a computer-based game that has been developed by a number of UK universities with funding provided by the Scottish Higher Education Funding Council (SHEFC). It aims to support student learning in finance, encourage group work, save staff time in monitoring student performance and aid...

This paper seeks to characterise the distribution of extreme returns for a UK share index over the years 1975 to 2000. In particular, the suitability of the following distributions is investigated: Gumbel, Frechet, Weibull, Generalised Extreme Value, Generalised Pareto, Log-Normal and...

This paper seeks to characterize the distribution of extreme returns for US, UK and Japanese equity indices over the years 1963-2000. In particular, the suitability of the following distributions is investigated: Normal, Frechet, Gumbel, Weibull, Generalized Extreme Value (GEV), Generalized...

Several of the larger emerging stock markets are focused upon. It is demonstrated that the intertemporal covariances between returns of different emerging markets may be insufficiently stable to permit the exploitation of the theoretical gains available from international diversification based...

The question of whether active trading strategies outperform the more naive approaches that are available to investors has returned to the research agenda. The topic had been hotly debated in the early and middle 1960s, but seemed to have been dispatched to the academic sidelines by proponents...

This paper reviews the results of two UK surveys of activity-based costing (ABC) in the UK's largest companies. These provide an opportunity to assess the changes which have occurred in the ABC adoption status of companies over a recent five year period. For the ABC users, some comparative...

Numerous studies conducted in different countries have documented evidence that the announcements of changes in dividends and earnings convey specific information to the capital market. However, recent studies which have examined simultaneous announcements by firms have discovered that the...

This paper reports on an exploratory study across three universities which was intended to help inform us about why students make the options choices that they do. More particularly, why do students choose?or choose not?to take social and environmental accounting courses? Based upon a series of...