An Open Access edition of this book is available on the Liverpool University Press website (<a href=https://www.liverpooluniversitypress.co.uk/pages/essentials-of-financial-management-efm)" target="_blank" rel="nofollow">https://www.liverpooluniversitypress.co.uk/pages/essentials-of-financial-management-efm)</a>.<i>Essentials of Financial Management</i> is an Open Access e-textbook (paperback edition also available) suitable for...

The motivation for this paper is to find out whether exchange traded funds (ETFs) are more suitable financial instruments for a pair trading strategy than stocks. The main advantage of pair trading ETFs is that ETFs cannot go bankrupt, which is not the case for shares. Thus, one of the greatest...

This paper focuses on the impact of country and sector effects in Asia Pacific equity market returns. Our study concludes that Asia Pacific market returns are mainly driven by country effects. Accordingly, country diversification is the most useful tool for managing portfolio risk. Recent...