This study provides further insight into the information content of dividends by investigating stock price reaction to the announcement of cash dividends in the unique environments presented by Jamaica and Trinidad and Tobago. In the case of Jamaica, we document a positive relationship between...

This paper adds to the literature on the behavior of stock prices around the ex-dividend date by providing evidence on the behavior of stock returns and trading volumes around the ex-dividend date in the unique environment of the Jamaica Stock Exchange. The Jamaica Stock Exchange is...

This paper reports the findings of a survey of large non-financial corporations in the Caribbean. The survey results suggest that the vast majority of large non-financial corporations in the Caribbean prefer to rely on a hierarchy of financing sources instead of trying to maintain a target...

The effects of climate change and environmental sustainability are among the major issues of the 21st century and so called “green companies” have been attracting a lot of attention. This paper investigates whether or not the stock prices of “green companies” are more sensitive to...

This paper analyses the ownership structure of publicly listed corporations in seventeen Small Island Developing States. The paper identifies the ultimate controlling shareholders of these firms, the identity of these shareholders, whether or not ultimate shareholders are involved in management...

This paper analyzes the use of capital budgeting techniques of firms in the Caribbean in countries such as Barbados, Bahamas, Jamaica and Trinidad and Tobago using data obtained from a survey among publicly and non-publicly listed firms in the region. The main aims of the study are to analyze...

Provided that there is some convergence in the size of firms over time, one should expect smaller firms to grow faster than their larger counterparts. However, if financial constraints influence the firm's investment decision this could have implications for the potential prospects of the firm....

This study investigates the extent to which persons in the Caribbean utilized internet banking services, the frequency with which such services were used and the factors that influenced the extent and frequency with which internet banking services were used. The study surveys over 3,000...

This study investigates the degree of integration among stock markets in the Caribbean Single Market area by analyzing the pricing of cross listed stocks within the region. The results show that the law of one price is generally violated for cross-listed stocks and there is little integration...

This paper adds to the sparse literature on corporate management practices in the Caribbean by undertaking an in-depth study of dividend policy among publicly listed firms in Barbados. The paper utilizes an analysis of historical data on dividend payments, a questionnaire survey and structured...