This paper investigates the impact of monetary policy announcements on the performance of the stock market in twenty countries (10 Developed and 10 developing). Exchange rate changes and changes in bond yield were taken as control. Daily basis Panel data was used with daily frequency for five...

This paper analyzes the long-run dynamics between quality of institutions measured by recently developed Index of institutionalized social technologies, and Economic performance in the sample of 84 countries covering the period 2002-2006. Panel cointegration tests and FM OLS (Fully Modified OLS)...

Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory are two basic models for understanding the relationship between stock return and risk in assessing shares traded in the capital market. This study aims to understand whether CAPM or APT is better and more accurate in predicting the...

This paper compares the efficiencies of dividend and earnings growth models with a historical model in predicting the unconditional expected equity risk premium (ERP). Monthly data has been used from the period 2010 to 2018 from 2 sectors namely market (KSE100 Index), cement and banking. The...

This paper explores the role of state institutions in promoting growth using a GMM technique applied to cross-sectional data from 45 countries. Specifically it attempted to test the impact of different dimensions of institutions on growth using an index of institutionalized social technologies...

A primary source of asymmetric information arises from banks' uncertainty about borrowers' Creditworthiness. This can generate two types of barriers to efficient credit allocation in the loan market: ad-verse selection in the likelihood of repayment and moral hazard in the riskiness of firms'...

Pakistan stock exchange is one of the growing financial markets consisting Shariah compliant firms and Non-Shariah compliant firms. Shariah compliant stock has limited level of debt as compared to non-compliant stocks. Comparing both stocks can give a clear idea that how these differ in terms of...

The aim of this thesis is to investigate various fund attributes influencing returns of Pakistani mutual funds. For this ten types of Mutual funds were selected for the period of 2015-17, and the effect of six micro and two macro fund specific variables on their returns were analyzed. Models...