This article presents a unique test of the effectiveness of technical analysis in different
sentiment environments by focusing on its usage by perhaps the most sophisticated and astute …

This paper documents the short- and long-run price performance of 103 initial public offerings
(IPOs) in Poland and 33 in Hungary during the 1991–1998 period. The empirical analysis …

This paper examines the influence of institutional ownership of corporate shares on the capital
structure decisions of individual firms. We find that institutional concentration of ownership …

There has been a phenomenal rise in faith-based investing in recent years. A very important
question arises: do investors sacrifice satisfactory economic returns by making ethically and …

We document positive valuation effects around the time of stock market liberalization. We
find that the valuation effects are larger for countries with civil law traditions compared with …

This paper takes the position that technology transfers associated with foreign direct investment
inflows (FDI) are an important determinant of economic growth in developing countries. …

How well can market fundamentals such as earnings-to-price (EP) ratios, book-to-market (BM)
ratios, and dividend yields (DY), along with political risk measures and economic variables…

The total firm valuation impact of an excess pension asset reversion is an unresolved issue.
Prior studies focusing on stockholder wealth provide varied evidence. This study examines …

We examine the long-term performance of stocks appearing in the Dow Jones Sustainability
Index North America. We find that sustainability stocks exhibit abnormal returns for 12–30 …

This paper examines the impact of managerial self‐interest on corporate pension funding
decisions. It is postulated that managers with no ownership stake in the firm will have …