... risk Market model Portfolio diversification Risk‐return relationship Two‐pass regression UK stock market United Kingdom We test whether the intercept parameter α_i of the null hypothesis is equal to zero. Let H₀ be the null hypothesis and H₁...

... for firms, the coefficient of interest would be positive and statistically significant. © Emerald Group Publishing Limited 2012 United Kingdom Corporate investments Capital markets International investments Bank concentration Financial constraints Cash flow sensitivity Debt maturity...

... after the introduction of futures contracts. The results are presented in Table VI and indicate notable shifts to the opening and closing partial adjustment parameters. Single security futures Price discovery Universal futures Market openings and closings Stock markets United Kingdom...

... with two exchange rates, a local and a global one in order to provide more evidence in this area of literature. © Emerald Group Publishing Limited 2010 Stock markets Equity capital Volatility Exchange rates United Kingdom Germany This paper uses the multivariate generalised...

.... (1993) argue that smaller companies are more likely to hedge risks when: Christine Helliar can be contacted at: c.v.helliar@dundee.ac.uk © Emerald Group Publishing Limited 2007 Interest rates Hedging Risk management United Kingdom Many finance studies employ archival...

... seven days post issue, while with the other category the only significant result is for one month. In terms of the non‐financial services group, privatisations actually under‐perform over the first calendar month of trading. Privatization United Kingdom Public sector organizations Private sector...

... as a possible explanation in the spirit of Thaler (1999) , Daniel and Titman (1999) and Hirshleifer (2001) . They conclude that Chinese investors are quasi‐rational investors in the sense of Thaler (1999) . Stock returns Market value Capital asset pricing model Germany United Kingdom Why...