... a strong intervalling effect on ETFs' tracking error. Design/methodology/approach The authors employ a sample of 40 broad‐based ETFs listed on Nasdaq Stock Exchange to test whether beta estimates change when the return interval measurement changes. Their data cover a maximum period of ten years...

...Faten Ben Slimane Purpose In recent years, stock exchanges have been increasingly integrating and merging their activities at a national and international scale. While consolidation is often driven by technological, legal and competitive changes, whether merger activities are efficient in terms...

... tests are performed by employing returns models on data derived from non‐financial firms listed on the Athens Stock Exchange for the period 1992‐2000. Findings The empirical results suggest that there is no unique concept of income, which is applicable, for valuation purposes, in all circumstances...

... structure of the manufacturing firms. The investigation is performed using panel data procedures for a sample of 160 firms listed on the Karachi Stock Exchange during 2003‐2007. Findings The results suggest that profitability, liquidity, earnings volatility, and tangibility (asset structure) are related...

...Željko Šević; Nikolaos G. Theriou; Vassilios P. Aggelidis; Dimitrios I. Maditinos; Željko Šević Purpose The purpose of this paper is to examine the relationship between beta and returns in the Athens stock exchange (ASE), taking into account the difference between positive and negative market...

... investigated the effects of stock splits on individual securities, but it is believed, none has yet appeared studying the recent splits in iShares. Bid offer spreads Share prices Share values Investment funds Stock exchanges On June 9, 2005, share prices of the 12 iShare (ETFs) dropped to recognize...

...George P. Artikis; Ioannis Asimakopoulos; Aristeidis Samitas; Theodore Papadogonas Purpose The purpose of this paper is to examine the determinants of profitability for a sample of Greek non‐financial firms listed in the Athens Stock Exchange for the period 1995‐2003. This is a very important...

...George P. Artikis; Nikolaos Eriotis; Costandinos Siriopoulos; Dimitrios Vasiliou; Vasileios Zisis Purpose Prior evidence suggests the existence of asymmetric timeliness in the reporting of good and bad news of firms that trade in the Athens Stock Exchange. The purpose of this paper is to explore...

...) of ETF stock splits is to make the shares more attractive to individual investors – despite possible deterioration of liquidity as evidenced by wider bid/ask spreads. © Emerald Group Publishing Limited 2009 Stocks Stock returns Liquidity Bid offer spreads Stock exchanges Index...

...Ahmed El‐Masry; Amr Ezat; Ahmed El‐Masry Purpose This study seeks to examine the key factors that affect the timeliness of corporate internet reporting (CIR) by the Egyptian listed corporations on the Cairo and Alexandria Stock Exchange. Design/methodology/approach The authors use firm...

...Christos Floros; Timotheos Angelidis; Stavros Degiannakis Purpose The aim is to evaluate the performance of symmetric and asymmetric ARCH models in forecasting both the one‐day‐ahead Value‐at‐Risk (VaR) and the realized intra‐day volatility of two equity indices in the Athens Stock Exchange...

... effect. In particular, January returns are insignificantly positive but smaller than returns in other months. There have been several studies so far, testing the price behavior in the Athens Stock Exchange (ASE) (Dockery and Kavussanos, 1996 ; Phylaktis et al., 1999 ; Kavussanos...

...Christos Floros; Christos Floros Purpose The paper's aim is to examine the influence of the Greek political elections on the course of the Athens Stock Exchange (ASE). Using daily data from the ASE General Price Index, it seeks to empirically examine the effect of political elections...

... are employed to test for cointegration between prices. The paper uses daily data from the Athens Stock Exchanges (ASEs) and the ADEX. A more detailed discussion on the causal relationship between spot and futures price in ADEX is obtained by using the impulse response functions of the vector error‐correction...

... be contacted at: j.f.pinfold@massey.ac.nz © Emerald Group Publishing Limited 2008 Australia Shares Share prices Stock exchanges This study investigates the index effect on two key Standard & Poor's indices used by the Australian Stock Exchange, namely the S&P/ASX 100 and 300. The S...

...Aktham Maghyereh; Haitham Al‐Zoubi; Bashir Purpose The purpose of this paper is to empirically examine the market efficiency, asymmetric effect and time varying risk–return relationship for daily stock return of Amman Stock Exchange (ASE). Design/methodology/approach The Box–Jenkins selection...

...George P. Artikis; Afroditi Papadaki; Georgia Siougle Purpose This paper seeks to deal with the problem of the anomalous negative price‐earnings relation for firms listed in the Athens Stock Exchange (ASE). Design/methodology/approach The simple earnings capitalization model is employed...

...Gregory Koutmos; George C. Philippatos Purpose This paper seeks to test the hypothesis that stock returns in the Athens Stock Exchange (ASE) adjust asymmetrically to past information due to differential adjustment costs. Design/methodology/approach The methodological approach is based...

...Ching‐Hai Jiang; Hsiang‐Lan Chen; Yen‐Sheng Huang Purpose The purpose of this paper is to examine the relationship between capital expenditures and corporate earnings for 357 manufacturing firms listed on the Taiwan Stock Exchange over the sample period 1992‐2002. Design/methodology/approach...

... on the stock price behaviour of firms listed on NASDAQ around stock split announcement date. Katerina Lyroudi can be contacted at: lyroudi@uom.gr © Emerald Group Publishing Limited 2006 Stocks and shares Liquidity Stock exchanges Over the years the relationship between stock splits...