Capital structure plays a significant role in the determination of the value of the firm. The literature is replete with studies that relate to mature capitalist economies in the western world. When the models are applied to less-structured countries of the Middle East, one would question...

This paper investigates the relationship between stock prices and main macroeconomic variables (i.e. oil prices, short-term interest rate and domestic credit) that are believed to affect stock prices in the context of the Gulf Cooperation Council (GCC) markets. For this purpose, this paper...

Microfinance aims to promote financial inclusion among underprivileged individuals, particularly through progressive microcredit, which enables borrowers to access increasing loan amounts over time. This study examines the conditions under which progressive microcredit positively impacts both...

A long standing debate has revolved around the question of whether information travels first to the stock market or to the stock options market. Using an open interest based predictor calculated from CBOE S&P 500 LEAPS options, we find evidence of strong predictive power from the options market...

Transaction cost, defined as implementation shortfall that is originally proposed by Perold (1988), is an important element in portfolio performance measurement. There are several factors visible or fixed (such as commission and taxes) and variable (that are invisible or indirectly affect cost...

In this research, we investigate the valuation effect on acquiring banks during different window of events. The research is conducted on the US and the European banks mergers and acquisition during the period of 2004 through 2010 with special focus on bank mergers during the financial crisis of...