The return-risk trade-off of the 100 stocks contained in the Egyptian EGX100 index is examined. The Egyptian stock market has an average free float of only 45%. It is estimated that 50% of trading in the free float stocks is dominated by large investors, and local and international fund...

The paper examines whether countries in the MENA (Middle East and North Africa) that exhibit higher degrees of transparency also exhibit better trade logistics. The paper divides the MENA region (19 countries) into two groups, high transparency and low transparency, according to the Corruptions...

The study tries to shed light on the question of why the economic development of Malaysia, United Arab Emirates (UAE) and Egypt had different success rates during the period from 1971 and 2009. The three countries are moderate Islamic countries and had started their economic development about...

We examine the issue of moments existence in the UK stock market. It is found that the second moment of stock returns is finite, and therefore, the infinite variance stable distribution is ruled out as a candidate for modelling stock returns. In contrast with the US evidence, we cannot rule out...

The study examines whether United Arab Emirates (U.A.E.) investors value more Islamic financial institutions in comparison with traditional financial institutions and other companies in the economy during the period from 2001 to 2005. The study highlights the major differences between products...

This study offers some preliminary results about stock valuation in the emerging market of the United Arab Emirates. It examines the determinants of three valuation multiples in the period from 1996-2001, the price sales (PS), the price book value (PBV) and the price earnings (PE). Consistent...

The BDS test is used to investigate whether stock returns for five companies and the FTALL index exhibit nonlinear dependence. It is found that conditional heteroscedasticity account for most of the nonlinearity of stock returns in the UK.

The results of Lamoureux and Lastrapes (Journal of Finance, 45, 221-29, 1990) are extended to the UK stock market, and the study examines, in particular, their finding that GARCH modelling captures the serial dependence in volume of trade. Using data on 50 UK companies, we find that although the...

We examine the issue of maximal moments of four exchange rates of US, Japan, Germany and France measured relative to the British Pound. It is found that the second moment of exchange rate returns is finite, and therefore, the infinite variance stable distribution is ruled out as a candidate for...

We examine the determinants of foreign investors' participation in the privatization process of developing countries. First, we estimate the probability that foreign investors target privatized firms in a given country. We show that a favorable legal environment where investor protection is...