The paper examines the evolution of trade openness implications in the Mediterranean basin countries with respect to the European Union's trade initiatives, using a series of unconditional and conditional convergence tests. Accounting the endogeneity and instrumenting the spatial geography,...

A long criticism on the usefulness of the traditional CAPM model has been raised in the vast literature of arbitrage pricing models that propose several risk factors on firm fundamentals or investigate the stochastic properties of stock returns' distributions, (Fama and French (2004)). However,...

This paper investigates the value successful bidders generate from acquiring less liquid targets. This synergy is traced with both theoretical and empirical evidence from the squeeze-out stage of going private transactions, when bidders hold sizeable toeholds in target shares. On one side, via...