... ) and Henriksson and Merton’s (1981 ); and, for the first time in the Portuguese context, analysing the relationship between funds’ size, age and market cycles and selectivity and market timing skills. Portugal Market timing Mutual funds Selectivity Conditional performance evaluation Overall...

... of the Portugal, Ireland, Italy, Greece and Spain (PIIGS economies) markets. This paper also seeks to investigate that “If the time series is not martingale, then what else?” Design/methodology/approach Monte Carlo experiments have been undertaken to test the small sample properties of automatic variance...

... exchange rate, throughout time, against a benchmark that guarantees external macroeconomic equilibrium (balanced fundamental account). Design/methodology/approach This paper uses the effective real exchange rate as an indicator of Portugal's competitive position in relation to its major trading...

...Christos Floros Purpose The aim of this paper is to examine the relationship between weather (temperature) and stock market returns using daily data from Portugal; also, to examine whether the temperature is driven by calendar‐related anomalies such as the January and trading month effects...

...Catarina Figueira; Joseph Nellis; David Parker Purpose The purpose of this paper is to investigate the cost efficiency of banks operating in two “non‐core” EU countries, Portugal and Spain, over a number of years. Specifically, the paper aims to examine the extent to which banks' efficiency...

... The findings of this paper are helpful to financial managers and investors dealing with Portuguese stock indices. Christos Floros can be contacted at: christos.floros@port.ac.uk © Emerald Group Publishing Limited 2007 Portugal Stock markets Stock returns The data includes 3,269 daily...