Managerial Finance: Volume 40 Issue 2

An empirical analysis of the dynamic relation among investment, earnings and dividends

Richard A. DeFusco, Lee M. Dunham, John Geppert

– The purpose of this paper is to examine the dynamic relationships among investment, earnings and dividends for US firms. The sample period is 1950-2006.

Testing the monthly anomaly with stochastic dominance

Mei-Chu Ke, Jian-Hsin Chou, Chin-Shan Hsieh, Tsung-Li Chi, Cheng-Te Chen, Tung Liang Liao

This study uses stochastic dominance (SD) theory to examine whether the traditional festival, such as the Spring Festival (often in February), affects the patterns of monthly…

Why are CFO insider trades more informative?

Heather S. Knewtson, John R. Nofsinger

The authors examine whether the stronger information content of chief financial officer (CFO) insider trading relative to that of chief executive officers (CEOs) results from a…

Determinants of corporate foreign exchange risk hedging

Lee-Lee Chong, Xiao-Jun Chang, Siow-Hooi Tan

The purpose of this study is to delineate the factors influencing the use of financial derivatives by non-financial firms in managing their exchange rate exposure. In total, 219…

A loop diagram pedagogy: seeing the unseen in the forward market efficiency hypothesis

Boonlert Jitmaneeroj

In an introductory finance course, business school students often report difficulty in dealing with several variables and regression equations in testing the forward market…

An empirical study on the dynamic relationship between oil prices and Indian stock market

Tarak Nath Sahu, Kalpataru Bandopadhyay, Debasish Mondal

– This study aims to investigate the dynamic relationships between oil price shocks and Indian stock market.