This research examines the common elements that we can find in the outcomes at a national level resulting from clusters. There are 7 common elements of cluster impact, namely: (1) agglomeration economies; (2) knowledge spillovers; (3) increases in productivity and efficiency; (4) positive impact...

The main objective of this paper is to develop an asset pricing model for the Mexican stock market during the period of July 1989 to December 1998. Asset pricing theory has been a topic of debate in the United States for over thirty years and consensus has not been reached. Pursuit of empirical...

The main objective of this research is to analyze whether the momentum effect (Jegadeesh, 1990) and the long-term reverse effect (DeBondt and Thaler, 1985) are observed at the Mexican Stock Exchange, their magnitude, and their significance. These anomalies challenge the efficient market...

Purpose - The paper presents evidence about cultural differences between Mexico and China and analyze their significance when implementing an innovative financial model. Specifically, we analyzed the case of the Yunus model (or Grameen model), originally developed in Bangladesh and further...