Table of contents
ASSESSING BANK EFFICIENCY IN AN EMERGING MARKET: THE KUWAITI EXPERIENCE IN THE 1990S
ALI F. DARRAT, CAN TOPUZ, TARIK YOUSEFKuwait's banking system has experienced considerable difficulties in the past two decades due to financial and political shocks. In the aftermath of the Gulf War, government…
THE EFFECT OF DIVERSIFICATION ON FIRM VALUE: A PRE‐ AND POST‐ DIVERSIFICATION ANALYSIS
DAVID C. HYLANDAlthough there are theoretical costs and benefits to corporate diversification, there is ample empirical evidence that the stock market views the costs to outweigh the benefits…
PORTFOLIO DIVERSIFICATION FOR LONG HOLDING PERIODS: HOW MANY STOCKS DO INVESTORS NEED?
DALE L. DOMIAN, DAVID A. LOUTON, MARIE D. RACINEFinance textbooks typically state that 8 to 20 stocks can provide adequate diversification for a portfolio. However, these recommendations usually assume a short time horizon such…
THE FISHER INFORMATION MEASURE AND TESTING MARKET EXPECTATIONS
ERCAN TIRTIROĞLU, DOĞAN TIRTIROĞLUIn an efficient market, where the participants form their expectations rationally, all potential changes induced by a predictable event are incorporated into the asset prices…
SEASONAL EFFECTS AND ARCH IN THE HONG KONG FUTURES MARKETS
MAHENDRA RAJThis paper attempts to examine a number of issues regarding the returns on the Hang Seng Index Futures traded in Hong Kong. The daily returns are separated into close‐to‐close…
ISSN:
1086-7376e-ISSN:
1755-6791ISSN-L:
1086-7376Online date, start – end:
1977Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Prof Niklas Wagner