Managerial Finance: Volume 41 Issue 11

What explains the change in a firm’s idiosyncratic volatility after a dividend initiation?

Chintal A. Desai, Khoa H Nguyen

The purpose of this paper is to identify three (maturity, agency, and information) effects that help explain the change in idiosyncratic volatility after a firm initiates a…

Corporate dividend policy in practice: the views of Nigerian financial managers

Friday Kennedy Ozo, Thankom Gopinath Arun, Philip Kostov, Godfrey Chidozie Uzonwanne

The purpose of this paper is to provide an additional insight into the dividend puzzle by investigating the field practice of dividend policy in an emerging market such as…

Socially responsible investing: a review of the critical issues

Joan Junkus, Thomas D. Berry

The purpose of this paper is to provide a review of the most recent work in major finance journals on socially responsible investment (SRI). While SRI involves individual…

“The lost decade”: an MPT perspective

Anthony Loviscek

The purpose of this paper is to test the efficacy of an application of modern portfolio theory (MPT) from 2000 through 2009, a period during which the annual rate of return on the…

Dual-class firms and governance: an acquisition perspective

Ashrafee Tanvir Hossain

– The purpose of this paper is to examine the impact of governance quality on firms with multiple voting structures.

Index correlation: implications for asset allocation

Allen Michel, Jacob Oded, Israel Shaked

The cornerstone of Modern Portfolio Theory with implications for many aspects of corporate finance is that reduced correlation among assets and reduced standard deviation are key…