Managerial Finance: Volume 39 Issue 8

Testing for moral hazard in reinsurance markets

Zhiqiang Yan

The purpose of this paper is to test for the existence of residual moral hazard in the three largest US reinsurance markets over the period 1995‐2000 and examine the effectiveness…

Effects of election results on stock price performance: evidence from 1980 to 2008

Andreas Oehler, Thomas J. Walker, Stefan Wendt

The authors aim to analyze whether the results of the 1980 to 2008 US presidential elections influence the stock market performance of eight industries and they seek to examine…

Acquisition of equity REIT IPOs in the aftermarket

John C. Alexander, Ping Cheng, Ronald C. Rutherford, Thomas M. Springer

The purpose of this paper is to examine how long a real estate investment trust (REIT) initial public offer (IPO) survives until a merger occurs, and to determine the impact of…

Does diversity of derivatives use affect fund performance?: Evidence from hedge funds and funds of hedge funds

Jarkko Peltomäki

The purpose of this study is to investigate the benefits of using a more diverse derivative strategy of a fund in relation to their performance and risk characteristics.

Increased foreign bank presence, privatisation and competition in the Zambian banking sector

Anthony M. Simpasa

This study aims to evaluate the degree of competition in the Zambian banking sector in the wake of dynamic market shifts induced by entry of new foreign banks and privatisation of…