We review the recent trends in investment management and performance research and highlight the fields expected to develop further in the future. The trend to adapt the classic CAPM and factor models seems likely to continue, with the drive for realistic factors, which best proxy the drivers of...

On October 5, 2001, when credit spreads were widening, the Chicago Mercantile Exchange CME de-listed the full menu of emerging market Brady bond futures contracts. This is intriguing because at a time when interest in hedging and speculating in emerging market sovereign credit risk should be at...

We examine the choice and the offer spreads between callable and non-callable bonds. We find significant differences by industry sector so our results are segmented by financial and non-financial industries. For the financial sector, the popularity of callable and non-callable bonds is...

This study explores a natural experiment that involves the change in the regulation of earnings forecast disclosures from mandatory to voluntary in firms' IPO prospectuses. Findings indicate a behavioural alteration with pessimistic earnings forecasts during the mandatory era turning optimistic...

Existing empirical work supports the notion that make whole and claw back bonds are explained as methods to resolve the underinvestment problem. We suggest that if these provisions genuinely resolve the underinvestment problem then make whole and claw back provision bondholders should share in...

Purpose: This study aims to examine the effect of Saudi bank’s financial stability on risk management. Design/methodology/approach: Different ordinary least square models have been used to study the significant effect of banks’ financial stability indicators on different types of risks in...

In this paper, we examine the effect of the political instability witnessed subsequent to the Arab spring revolutions on the stock markets' performance. We analyse the reaction of the Egyptian stock exchange to eight major political events in the post-revolution period.The paper differentiates...

In this paper I investigate the effect of corporate governance quality on companies' performance comparing between UK and US. My motivation is to differentiate between countries applying the governance codes mandatory and other countries which voluntary applying their codes. The sample consists...

It is difficult for the companies to work with only one mechanism of corporate governance. Internal mechanisms must combine with external mechanisms regardless the type of industry or the country of analysis. I examine empirically the interaction between internal and external corporate...