Managerial Finance: Volume 47 Issue 4

Volatility and dependence structures of Latin American stock markets

Guilherme Cardoso, Karem Ribeiro, Luciano Carvalho

Risk management has been crucial to investors and regulators for pursuing market diversification opportunities and developing strategies to ensure market stability. This study…

The translation between the required return on unlevered and levered equity for explicit cash flows and fixed debt financing

Denis Mike Becker

The primary purpose of this paper is to develop the translation formula between the required return on unlevered and levered equity for the specific case where cash flows have a…

Debt–performance relationship and firms' international trade activities

Rosa Forte, Andreia Botelho

This study examines the influence of firm's international trade activities on the relationship between debt and firm's performance.

Impact of board structure, board activities and institutional investors on the firm risk: evidence from India

Pankaj Chaudhary

Stock return volatility is an important aspect of financial markets which requires specific attention of researchers. This study examines the impact of board structure, board…

NFL team revenue distribution and revenue sharing: a median voter theorem

Justin Ehrlich, Shankar Ghimire, Shane Sanders

Revenue sharing is ubiquitous among North American professional sports leagues. Under pool revenue sharing, above-average revenue teams of a league effectively transfer revenues…

Asymmetric effect of oil prices on herding in commodity markets

Mouna Youssef, Khaled Mokni

This study aims to test the presence of herding behavior in commodity markets, including energy, metals and agriculture. Additionally, the authors investigate the possible…

Turn-of-the-month effect in three major emerging countries

Geeta Singh, Kaushik Bhattacharjee, Satish Kumar

The purpose if this paper is to examine the turn-of-the-month effect in the equity market of three major emerging countries – Brazil, India and China – from January 2000 to…

A social capital view of women on boards and their impact on firm performance

Erin Oldford, Saif Ullah, Ashrafee Tanvir Hossain

The objective of this paper is to leverage a two-sided view of social capital to develop a model of board gender diversity and firm performance using social capital data from…