Managerial Finance: Volume 39 Issue 12

Unobservable effects and firm's capital structure determinants

B.T. Matemilola, A.N. Bany-Ariffin, Carl B. McGowan

– This paper aims to test the significance of unobservable firm-specific effects on a capital structure model.

Calendar anomalies in Russian stocks and bonds

William Compton, Robert A. Kunkel, Gregory Kuhlemeyer

The paper aims to examine the Russian stock and bond markets for evidence of calendar anomalies in the first decade of the twenty-first century including a monthly seasonality…

Determinants of dividend policies for ADR firms

Gizelle F. Perretti, Marcus T. Allen, H. Shelton Weeks

Cross-listed firms may face unique incentives for establishing dividend policies in comparison to US firms. This study aims to test the implications of the lifecycle and signaling…

Bad news bears: Effects of expected market volatility on daily tracking error of leveraged bull and bear ETFs

Hunter Matthew Holzhauer, Xing Lu, Robert W. McLeod, Jamshid Mehran

– This study aims to look into how volatility significantly impacts the tracking error for daily-rebalanced leveraged bull and bear ETFs.

What drives the premium labour model, beta instability risk or human capital?: Evidence for the UK

Mona Soufian, David McMillan, Stuart Horsburgh

The paper examines the conditional capital asset pricing model (CCAPM) of Jagannathan and Wang using the UK data and develops a data-driven measure of beta instability risk that…