Managerial Finance: Volume 46 Issue 11

Empirical evidence on the profitability of momentum trading strategies using ETFs

Susana Yu, Gwendolyn Webb

We extend empirical evidence on the profitability of momentum trading to the realm of plain-equity ETFs.

Firms' information environment measures: a literature review with focus on causality

Christopher von Koch, Magnus Willesson

The purpose of this paper is to review the literature that measures the concept of firms' information environment (IE) with focus on the validity of proxies used to measure IE.

Firm performance and diversification in the energy sector

Wim Westerman, Adri De Ridder, Marijn Achtereekte

The study aims to fill a gap in the literature on the economic impact of industrial and international diversification on firm performance in the energy sector. Li et al. (2016)…

Litigation risk and payout policy

James Malm, Srinidhi Kanuri

The purpose of the paper is to examine the relationship between litigation risk and payout policy.

Adaptive market hypothesis and investor sentiments: global evidence

Abhinava Tripathi, Vipul Vipul, Alok Dixit

The purpose of this study is to investigate the adaptive market hypothesis (AMH) for 21 major global market indices for the period 1998–2018. These market indices cover the 16…

Dividend policy in India: reconciling theory and evidence

Bipin Kumar Dixit, Nilesh Gupta, Suman Saurabh

The purpose of this paper is to examine the dividend payout behavior of Indian firms and test whether the three prominent dividend policy theories (signaling, life-cycle and…

Bank competition in India: revisiting the application of Panzar–Rosse model

Bijoy Rakshit, Samaresh Bardhan

The paper measures the degree of bank competition in Indian banking over the period 1996–2016. Using bank-level annual data, we revisit the case of banking competitiveness during…

The role of efficiency in capital asset pricing: a research on Nasdaq technology sector

Hakan Aygoren, Emrah Balkan

The aim of this study is to investigate the role of efficiency in capital asset pricing. The paper explores the impact of a four-factor model that involves an efficiency factor on…

A bibliometric analysis of managerial finance: a retrospective

H. Kent Baker, Satish Kumar, Nitesh Pandey

Managerial finance (MF) started publication in 1975 and celebrated its 45th anniversary in 2019. The purpose of this study is to provide a bibliometric analysis of MF between 1996…