Managerial Finance


Accounting and Finance

Table Of Contents: Volume 24 Issue 3

The empirical characterization of financial markets in developing countries

W. Gerald Platt

Summarizes the characteristics of financial markets in developing countries, posing eight questions about them. Defines developing countries, and pinpoints those with…

The Bombay Stock Exchange: seasonalities and investment opportunities

Roger Ignatius

Investigates whether the Bombay Stock Exchange behaves like an efficient market, or whether it displays a typical seasonal pattern. Takes mean daily returns between 1979…

Stock return volatility in an emerging market: a case study of the Karachi Stock Exchange

Jamshed Y. Uppal

Reports concerns that the lifting of restrictions on portfolio investment by foreigners would lead to overheating or excessive volatility in the capital markets of…

Financial intermediation under information asymmetry: implications for capital market efficiency in selected developing countries

Douglas K. Agbetsiafa

Considers the methods whereby income is likely to grow in developing countries, given imperfect information and the need for credit for investment. Looks at the link…

Stock return seasonalities in low‐income African emerging markets

O. Felix Ayadi, Uric B. Dufrene, Amitava Chatterjee

Surveys African stock markets to find out if they are as efficient as developed markets, and follow the same “turn‐of‐the‐year” pattern as other markets. Compares Ghana…



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  • Professor Don Johnson