Management Research News: Volume 28 Issue 4

Firm size and book‐to‐market equity as risk proxy in investment decisions

Su‐Jane Chen, Tung‐Zong Chang, Tiffany Hui‐Kuang Yu, Timothy Mayes

This study investigates the economic content of the two firm‐specific characteristics, size and book‐to‐market equity. Size is found to be significantly related to a combination…

Stock attractiveness after inclusion in stock index: empirical evidence from KSE 100 index

Rashid Ameer

This paper explores attractiveness of stocks on Karachi Stock Exchange using event study methodology. The main findings of this paper are KSE 100 has included small share capital…

Are tax‐deferred investments invariably superior?

Suresh C. Srivastava, Musa Essayyad

Financial institutions that are marketing tax‐sheltered plans claim that the implied rates of return of tax‐sheltered strategies are superior to those rates of return realized…

Bank relations, cash holdings, and firm value: evidence from Japan

Qi Luo, Toyohiko Hachiya

This paper tests two views of bank’s role for Japanese firms. The views are confronted with the empirical evidence, allowing them to compete to explain firm’s cash holding…

An analysis of the relevance of off‐balance sheet items in explaining productivity change in post‐merger bank performance: evidence from Malaysia

Fadzlan Sufian, Suraya Ibrahim

By applying a non‐parametric Malmquist Productivity Index to a sample of all post‐merger Malaysian banks over 2001‐2003, this paper attempts to investigate to what extent the…

International linkage of stock prices: the case of Indonesia

Mansor H. Ibrahim

The paper evaluates the international linkage of Indonesian stock market during pre‐crisis and post‐crisis periods using time series techniques of cointegration and vector…