Review of Accounting and Finance: Volume 14 Issue 4

Are micro-cap mutual funds indeed riskier?

Javier Rodriguez

This study aims to examine the cross-sectional variation in risk of US-based micro-cap open-end mutual funds. Micro-cap mutual funds allow investors to access very low-priced…

On the linkage between stock market development and economic growth in emerging market economies: Dynamic panel evidence

Pramod Kumar Naik, Puja Padhi

The purpose of this study is to empirically examine the impact of stock market development on the economic growth for a panel of 27 emerging economies using annual data over the…

International diversification and return differential between the US and the foreign markets

Abdullah Noman

This paper aims to examine the impact of the return differential between the domestic and foreign markets on the risk exposure of country mutual funds (CMFs). It is argued that…

Are international economic and financial co-movements characterized by asymmetric co-integration?

Mahmoud Qadan, Joseph Yagil

The recent economic crises have attracted attention to the issue of international equity co-movements and correlations. Using data from 1980 to 2010, the authors examine the…

Robustness of the Carhart four-factor and the Fama-French three-factor models on the South African stock market

Nicholas Addai Boamah

The purpose of this study is to explore the applicability of the Fama–French and Carhart models on the South African stock market (SASM). It examines the ability of the models to…

Risk Applications

Joseph McCarthy