Managerial Finance: Volume 37 Issue 5

Commercialization and changes in capital structure in microfinance institutions: An innovation or wrong turn?

Monzurul Hoque, Muhammad Chishty, Rashid Halloway

The purpose of this paper is to examine the impact of commercialization on capital structure, mission and performance of microfinance institutions (MFIs).

The behavior of green exchange‐traded funds

Omid Sabbaghi

The purpose of this paper is to investigate green exchange‐traded funds (ETFs) and propose a market‐wide proxy for green returns and a green volatility factor.

The volatility transmission of stock returns across Asia, Europe, and North America

Ingyu Chiou

The purpose of this paper is to investigate the lead‐lag relationships between three major stock markets (Tokyo, London, and New York) over the period 1997‐2007, using the…

Does index investing work in bonds?

C. Edward Chang, Thomas M. Krueger

The purpose of this paper is to examine operating characteristics, risk and performance measures of all available vehicles for index investing in US bond funds during the 15‐year…

Cumulative voting and the conflicts between board and minority shareholders

Aiwu Zhao, Alexander J. Brehm

The purpose of this paper is to investigate whether cumulative voting can help ease the conflicts between board of directors and minority shareholders.

How important is global industry shock in explaining the relative performance of global industries?

Chu‐Sheng Tai, Zahid Iqbal

The purpose of this paper is to examine the effects of exchange rate and global industry shocks on the relative performance of global industries.

Earnings per share versus cash flow per share as predictor of dividends per share

John Consler, Greg M. Lepak, Susan F. Havranek

The purpose of this paper is to compare the relative power of operating cash flow and earnings in the prediction of dividends.

Productivity, return and prediction

Monzurul Hoque