Table of contents
An empirical examination of alternative models for hedging emerging market currencies
David R. Shaffer, Andrea DeMaskeyThis paper compares the hedging performance of the minimum‐extended Gini hedge ratio (MEGHR) and the minimum‐variance hedge ratio (MVHR) using three emerging market currencies…
The effect of debt for equity swaps when equity is valued as an option
A. Steven GrahamSeveral researchers have found that the value of stock declines at the announcement of a debt for equity swap. This decline is attributed to an information effect: the firm’s…
Stability of technology stock prices: evidence of rational expectations or irrational sentiment?
Kathryn Wilkens, Nordia D. Thomas, M.S. FofanaWe examine the stability of market prices for 35 technology and 35 industrial stocks for the period December 31, 1993 to October 31, 2002. A phase portrait plot of the detrended…
Seasonality and regime switching in equity markets: evidence from the US and UK
Steven J. CochranThis study investigates whether cyclical turning points in the U.S. and U.K. stock markets are unevenly distributed over the year, that is, whether they are more likely to occur…
The mechanics behind investment funds: why closed‐end funds provide superior returns
Brian J. Glenn, Thomas PatrickThis study examines the performance of both open‐ended and closed‐end mutual funds – as fixed income securities and vehicles for capital gains. A determination will be made of…
ISSN:
0307-4358Online date, start – end:
1975Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Professor Don Johnson