Companies that have listed on the Johannesburg Stock Exchange by means of a public offering between 1980 and 1991 have subsequently performed poorly. This long run post issue performance is remarkably consistent with the South African evidence for seasoned rights issuing companies and the...

This study examines the effects of: 1) investment expertise, 2) familiarity with accounting information, 3) knowledge of 'neutral information', 4) consultation with investment advisors on investors' decisions to invest in stocks. Investors from Western Canada were surveyed in order to gather...

This paper evaluates the systematic risk of foreign exchange by deriving efficient sets of international portfolios from six national viewpoints. The composition of these portfolios is examined and the effect of different exchange rate risks is discussed theoretically and tested empirically. The...

This study examines the effects of: 1) investment expertise, 2) familiarity with accounting information, 3) knowledge of 'neutral information', 4) consultation with investment advisors on investors' decisions to invest in stocks. Investors from Western Canada were surveyed in order to gather...