Managerial Finance: Volume 45 Issue 6

Return reversal effect in Shanghai A share market

Krishna Reddy, Muhammad Ali Jibran Qamar, Marriam Rao

The existing literature about return reversal effect in Chinese stock markets is inconclusive and controversial. Therefore, the purpose of this paper is to investigate the…

Herding behavior and financing decisions in Romania

Gabriela Brendea, Fanuta Pop

The purpose of this paper is to investigate the financing behavior of Romanian listed firms with regard to their tendency to exhibit herding behavior, more specifically to follow…

A comparative analysis of banking institutions: examining quiet life

Mine Aysen Doyran, Zachary Roman Santamaria

The purpose of this paper is to analyze the performance of banking institutions in Costa Rica over the period 2004–2014.

The effect of share ownership structure on ex-dividend day stock price behavior

Dong H. Kim

The purpose of this paper is to explore whether share ownership structure plays a role in determining the ex-day pricing of dividends. If share ownership structure, specifically…

Efficiency, stability, and government regulation of risk-sharing financial networks

Porchiung Ben Chou, Michael A. Ehrlich, Ronald Sverdlove

By applying models of social and economic networks to financial institutions, the purpose of this paper is to address the issues of how policy makers can promote financial network…

Pension discount rate and investor sentiment

Fang Sun, Xiangjing Wei

The purpose of this paper is to examine how investor sentiment, proxied by Michigan consumer confidence index, affects the choice of defined benefit pension plan discount rates.

The “sell in May” effect: an empirical investigation of globally listed private equity markets

Carmen Bachmann, Lars Tegtmeier, Johannes Gebhardt, Marcel Steinborn

The purpose of this paper is to test the so-called “Sell in May” effect in globally listed private equity markets based on monthly data covering the period 2004–2017.