...; Section 5 provides conclusions. © Emerald Group Publishing Limited 2012 Capital asset pricing model Excess return Idiosyncratic risk Market model Portfolio diversification Risk‐return relationship Two‐pass regression UK stock market United Kingdom We follow Fama...

... condition: Equation 2 Optimal investment of short‐term debt dependent firm is I* = CF/1−μ and optimal cash flow sensitivity is: Equation 3 United Kingdom Corporate investments Capital markets International investments Bank concentration Financial constraints Cash flow sensitivity...

... is the observed stock return on day t, all other variables are as previously defined. Single security futures Price discovery Universal futures Market openings and closings Stock markets United Kingdom On 29 January 2001, the Euronext LIFFE derivatives exchange introduced single...

...‐correlation values compared to the exchange rates. © Emerald Group Publishing Limited 2010 Stock markets Equity capital Volatility Exchange rates United Kingdom Germany This paper uses the multivariate generalised autoregressive conditional heteroskedastic‐Baba, Engle, Kraft...

... Publishing Limited 2007 Interest rates Hedging Risk management United Kingdom Interest rate risk (IRR) represents one of the key forms of financial risk that companies encounter. In recent years, the management of IRR has gained prominence in the corporate sector of UK firms for several...

... companies. Privatization United Kingdom Public sector organizations Private sector organizations This paper re‐examines the financial performance of UK initial public offerings (IPOs), with specific reference to the performance of privatisation issues. The UK market provides an ideal market...

... and short low idiosyncratic volatility stocks. Stock returns Market value Capital asset pricing model Germany United Kingdom Why has the rate of return on equities been higher than the rate of return on risk free assets? The question first posed by Mehra and Prescott (1985) has been...