Managerial Finance: Volume 32 Issue 5

The valuation effects of stock splits in NASDAQ

Katerina Lyroudi, Apostolos Dasilas, Antonios Varnas

To investigate whether a stock split is still considered a policy that creates value for the underlying company and the rationale behind such action for companies listed on the…

Stock market crises and portfolio diversification in Central and Eastern Europe

Plamen Patev, Nigokhos Kanaryan, Katerina Lyroudi

To investigate the Central and Eastern European (CEE) equity market co‐movements before, during and after major emerging market crises. To examine the impact of the crisis on the…

Stock returns behavior during holiday periods: evidence from six countries

Armand Picou

The study is a test for the existence of an international stock market anomaly.

Stock prices response to real economic variables: the case of Germany

Andreas G. Merikas, Anna A. Merika

This is a research paper aiming to re‐examine Fama's proxy hypothesis which states that inflation is negatively related to real economic activity and the negative relationship…

The impact of foreign cross‐listings on the home Dutch equities

Athanasios Koulakiotis, Dimitrios Angelidis, Konstantinos Tolikas, Phil Molyneux

This paper develops the approach suggested by Howe et al. to examine the impact of cross‐listings on stock price volatility in Europe.

The early performance of American depository receipts listed on the New York Stock Exchange: Does region of issue, level of issue or type of issue matter?

Mark Schaub, S.P. Uma Rao

This study examines the initial two‐week excess performance relative to the S&P 500 Index of American Depository Receipts (ADRs) listed on the New York Stock Exchange from January…