The poor empirical record of the CAPM paved the way towards the development of multi-factor asset pricing models. The three-factor model of Fama and French (1993) is regarded as a ground-breaking multi-factor asset pricing model. This paper examines the performance of the three-factor model of...

The purpose of this study is to examine the influence of four dimensions of corporate culture on employees’ organizational commitment in the banking sector of Pakistan. Correlation and Regression analysis are employed to test the research hypothesis. The results revealed that all of the four...

With the implementation of IFRS in Indian companies and cross-border mergers and acquisitions, audit committee forms an important element of corporate governance mechanisms interfacing both with the internal and external stakeholders. Accordingly it has a critical role to play in monitoring and...

Audit committees act as an important link in corporate governance mechanisms. As such, SOX Act, 2002, Blue Ribbon Committee’s report and Narayana Murthy Committee’s report have placed greater emphasis on their role in order to strengthen the functioning of these committees. The rationale...

Purpose – This paper aims to examine the presence of momentum profit in the Indian stock market and seeks to explore the sources of momentum profit employing both risk based and behavioral models. R2, idiosyncratic volatility, and delay measures are employed in order to test behavioral models....