Purpose – This study aims to examine the impact of taking environmental initiatives on the returns for service companies. Design/methodology/approach – The authors gathered data for firms that are recognized for their leadership in environmental responsibility using a well‐known social...

The paper investigates the nature of Irish macroeconomic shocks and their correlation with German and UK shocks. A restricted VAR of real output and prices is employed to distinguish aggregate demand and supply shocks for the three countries. To identify the role of Irish exchange rate policy...

The paper investigates the mean-reverting components in real stock prices for 16 countries. The temporary and permanent components of real stock prices are identified through appropriate restrictions on a vector autoregression of real stock returns and inflation. The multivariate time series...

This article examines return momentum in Irish shares over a 24-year period, including the recent credit crisis. The optimal momentum strategy generates significant risk-adjusted abnormal returns that are robust to the return generating model and seasonal effects. The extent of underreaction is...