Studies in Economics and Finance: Volume 26 Issue 4

Why 5 percent? An analysis of optimal endowment spending rates

Steven L. Green

Some members of Congress in the USA have expressed serious concern that endowment spending rates of major American universities are too low. The purpose of this paper is to derive…

Asymmetric central bank's preference and inflation rate in Jordan

Osama D. Sweidan

The purpose of this paper is to examine the hypothesis that a central bank's asymmetric preferences are able to explain inflation rate in a developing country. In addition, it…

Ownership structure, corporate governance and capital structure decisions of firms: Empirical evidence from Ghana

Godfred A. Bokpin, Anastacia C. Arko

The purpose of this paper is to examine the effect of ownership structure and corporate governance on capital structure decisions of firms on the Ghana Stock Exchange (GSE).

Market volatility across countries – evidence from international markets

Sabur Mollah, Asma Mobarek

The purpose of this paper is to investigate the time‐varying risk return relationship and the persistence of shocks to volatility within GARCH framework both in developed and…

The efficiency of African equity markets

David G. McMillan, Pako Thupayagale

In order to assess the informational efficiency of African equity markets (AEMs), the purpose of this paper is to examine long memory in both equity returns and volatility using…