Managerial Finance: Volume 44 Issue 4

Asymmetric price responses to stock addition to and deletion from the Athens Stock Exchange Index

George Papachristou, Stephanos Papadamou, Eleftherios Spyromitros

The purpose of this paper is to investigate the response of investors to the announcements on the inclusion and exclusion of companies from the FTSE-ASE 20 index.

Valuation effects of REIT mergers and the role of diversification

John C. Alexander, Thomas M. Springer

Merging two real estate investment trusts (REITs) consolidates two real estate portfolios. The purpose of this paper is to provide further evidence on the market’s valuation of…

Cross-herding behavior between the stock market and the crude oil market during financial distress: Evidence from the New York stock exchange

Houda BenMabrouk

The purpose of this paper is to investigate herding behavior around the crude oil market and the stock market and the possible cross-herding behavior between the two markets. The…

Capital regulation, competition and risk-taking behavior of Indian banks in a simultaneous approach

Santi Gopal Maji, Preeti Hazarika

The purpose of this paper is to investigate the association between capital regulation and risk-taking behavior of Indian banks after incorporating the influence of competition…

A latent variable analysis of corporate social responsibility and firm value

Boonlert Jitmaneeroj

Corporate social responsibility (CSR) has several dimensions that are inherently unobservable or measured with errors. Due to measurement errors of CSR proxies, regression…

Investing in the healthcare sector: mutual funds or ETFs

Haiwei Chen, James Estes, William Pratt

The purpose of this paper is to investigate how healthcare funds differ from healthcare exchange-traded funds (ETFs) in terms of delivering positive alpha, beta, and hedging…