Managerial Finance: Volume 43 Issue 7

Impact of investors’ protection, transparency level and legal origin on initial public offering (IPO) initial returns

Sheela Sundarasen, Sanjay Goel, Fairuz Ahmad Zulaini

Managers may underprice initial public offerings (IPOs), leading to higher initial returns (IRs). The purpose of this paper is multi-fold: to compensate investors for risk, to…

The influence of earnings management and bank structure on bank performance: International evidence

Nacasius U. Ujah, Jorge Brusa, Collins E. Okafor

The purpose of this paper is to examine the influence of bank structure and earnings management on bank performance in international markets. Specifically, the authors empirically…

Forecasting the yield curve of government bonds: a dynamic factor approach

Walid Ben Omrane, Chao He, Zhongzhi Lawrence He, Samir Trabelsi

Forecasting the future movement of yield curves contains valuable information for both academic and practical issues such as bonding pricing, portfolio management, and government…

The information content of dividend initiation announcements: The case of information technology firms

Susana Yu, Gwendolyn Webb

The purpose of this paper is to examine the dividend initiation announcements made by firms in the information technology sector as defined in a modern system of industrial…

Mutual funds in Greece: case study of domestic equity mutual funds during a financial crisis

Drosos Koutsokostas, Spyros Papathanasiou

The purpose of this paper is to examine the performance of Greek equity mutual funds for the period 2012-2016, analyzing further the selectivity and market timing ability, and…

Market states and mutual fund risk shifting

Marius Popescu, Zhaojin Xu

The purpose of this paper is to explore the motivation behind mutual funds’ risk shifting behavior by examining its impact on fund performance, while jointly considering fund…