Studies in Economics and Finance: Volume 35 Issue 3

Market efficiency and the global financial crisis: evidence from developed markets

Omid Sabbaghi, Navid Sabbaghi

This study aims to provide one of the first empirical investigations of market efficiency for developed markets during the recent global financial crisis.

The value relevance of capital expenditures and the business cycle

Sungsoo Kim, Brandon byunghwan Lee

This paper aims to clarify the relationship between corporate capital investments and business cycles. Specifically, a major purpose of this paper is to investigate whether there…

Excess offer premium and acquirers’ performance

Won-Seok Woo, Suhyun Cho, Kyung-Hee Park, Jinho Byun

This paper aims to investigate the causes of mergers and acquisitions (M&A) deals that acquiring firms pay excess premium beyond the market-expected level and examine the relation…

Industry-based equity premium forecasts

Nuno Silva

This paper aims to study whether the industry indexes predict the evolution of the broad stock market in the USA.

On the disappearance of calendar anomalies: have the currency markets become efficient?

Satish Kumar

This study aims to examine the presence of the day-of-the-week (DOW), January and turn-of-month (TOM) effect in 20 currency pairs against the US dollar, from January, 1995 to…