This paper, based theoretically on the resource-based view of the firm, investigates the extent to which training contributes to the firm’s innovation and explores a relationship between the integration of training in the firm’s business strategies and the extent to which training...

This study examines how unemployment rate dynamically responds to shocks to consumer confidence, business confidence, inflation and monetary policy. Based on the vector autoregressive (VAR) analysis of the monthly data from 1978:M2 to 2012:M5, the results show that unemployment negatively...

This study is set up to investigate if foreign development assistance and its uncertainty have a joint impact on economic growth risk. Based on the analysis of the average data across 157 countries and territories, the results indicate that, on average, increased foreign development assistance...

This study examines if business confidence and consumer confidence can explain variability of stock market returns across countries. Based on the analysis of monthly time series cross-sectional (panel) data from 31 countries, the results show that stock market return goes up by an average of 154...

This study investigates the joint explanation and impact of economic growth, equity market performance and economic growth uncertainty on foreign participation (using net inflows from equity securities held by foreign investors as a proxy) in local equity market. Based on the analysis of...

This study investigates the impact of economic growth risk on stock market performance in 70 countries. Based on the analysis of the full sample, on average, 1% increase in economic growth risk is associated with 0.23% (p = 0.058) increase in stock market return. Looking at stock market return...

This study examines how stock market liquidity dynamically responds to the spike in short interest ratio and dissects the causal linkage between short interest ratio and stock market liquidity. Based on the analysis of monthly data from 1931M6 to 2013M7, the results show that the percentage...

This study examines the causal link between short interest ratio and equity market return and their respective impulse response functions. Based on the analysis of monthly data from 1931M6 to 2012M12, the results reveal that there is a causal link between NYSE short interest ratio and the...

This study investigates the effect of the changes in economic policy uncertainty in Europe on the performance of stock markets in the European Union, Croatia, Norway, Russia, Switzerland, Turkey and Ukraine. Based on the analyses of monthly returns on the major stock market indices in these...

This paper aims to examine the contemporaneous relationship between trading volume and returns in the ETF market taking the stock market as a contrast. While past research using correlation analysis and OLS method to specify a linear regression model only catches the average relationship between...