Managerial Finance


Accounting and Finance

Table Of Contents: Volume 28 Issue 8

Speed of share price adjustment to information

Dennis Chan, M. Ariff

Builds on the work of Damodaran (1993) and Brisley and Theobald (19967) on measuring the speed with which stock markets convert information into price changes by using a…

Evaluating the productive efficiency and performance of US commercial banks

Richard S. Barr, Kory A. Killgo, Thomas F. Siems, Sheri Zimmel

Reviews previous research on the efficiency and performance of financial institutions and uses Siems and Barr’s (1998) data envelopment analysis (DEA) model to evaluate…

Trading systems designed by genetic algorithms

Laura Núñez‐Letamendia

Outlines the development of genetic algorithms (GA), explains how they generate solutions to problems and applies four GA models incorporating different factors (e.g…

Calculating abnormal returns in event studies: controlling for non‐synchronous trading and volatility clustering in thinly traded markets

Per Bjarte Solibakke

Reviews previous research based on event study methodology, pointing out that events can influence returns in many ways, and applies the method to a sample of mergers and…

Changing UK stock market sector and sub‐sector volatilities, 1968‐2000

Angela Black, Roger Buckland, Patricia Fraser

Points out that the decline in international economic differentials makes country effects less important and sector effects more important in managing equity funds; but…



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  • Professor Don Johnson