Managerial Finance: Volume 41 Issue 5

Portfolio constituency rules and the value premium in the small-cap space

Kenneth E. Scislaw, David G McMillan

Market-based value style equity portfolios do not systematically outperform market-based growth style equity portfolios, despite considerable academic research that suggests that…

Influence of individual investor sentiment on Taiwan option prices during 2007-2010 financial crisis

Wen-Ming Szu, Wan-Ru Yang

This paper investigates changes in risk-neutral distribution derived from Taiwan stockindex options under different market conditions. The purpose of this paper is to explore…

Return transmissions between ADRs and A-shares of dual-listed Chinese firms

Congsheng Wu, Ke Chen

A number of Chinese firms have dual-listed in USA and China. The US listing takes the form of American Depositary Receipts (ADRs) whereas the China listing in the form of…

What happens when a stock is added to the Nasdaq-100 index? What doesn’t happen?

Susana Yu, Gwendolyn Webb, Kishore Tandon

Prior research on additions to the S & P 500 and the smaller MidCap 400 and SmallCap 600 indexes reach different conclusions regarding the key variables that explain the…

The interrelationships among default risk, capital ratio and efficiency: Evidence from Indian banks

Thanh Pham Thien Nguyen, Son Hong Nghiem

The purpose of this paper is to examine the interrelationships among default risk, capital and efficiency of the Indian banking system over 1990-2011. This study also took into…

The impact of minority foreign ownership and controlling shareholder on bank risk and performance: Evidence from an emerging economy

Ruth Tacneng

The purpose of this paper is to examine the impact of minority foreign ownership on the risk taking behavior and performance of domestic banks in a country where foreign ownership…