International Journal of Managerial Finance: Volume 10 Issue 4

Estimating cross-sectional regressions in event studies with conditional heteroskedasticity and regression designs that have leverage

Imre Karafiath

In the finance literature, fitting a cross-sectional regression with (estimated) abnormal returns as the dependent variable and firm-specific variables (e.g. financial ratios) as…

Socially responsible stock funds in Brazil

Dimas Hartz Pinto, Celso Funcia Lemme, Ricardo Pereira Câmara Leal

– The purpose of this paper is to examine the risk-adjusted performance of Brazilian SRI stock funds.

The impact of cash conversion cycle on firm profitability : An empirical study based on Swedish data

Darush Yazdanfar, Peter Öhman

The purpose of this paper is to seek to investigate the impact of cash conversion cycle (CCC) on performance (i.e. profitability) in Swedish small and medium-sized enterprises…

Determinants and market implications of differentiated dividends in Korea

Bo Bae Choi, Jangkoo Kang, Doowon Lee

The purpose of this paper is to explore unequal dividend payment policies called differentiated dividends (DDs) in Korea. The characteristics of firms are examined which allocate…

The acquisition puzzle and mispricing: evidence of over-optimism

Ray Donnelly, Amir Hajbaba

Researchers suspect that the overvaluation of equity issuing acquirers is a major cause of their subsequent post-event underperformance. Definitive conclusions regarding this…

Corporate governance and the variability of stock returns

Hardjo Koerniadi, Chandrasekhar Krishnamurti, Alireza Tourani-Rad

– The purpose of this paper is to analyze the impact of firm-level corporate governance practices on the riskiness of a firm's stock returns.

The relationship between ownership structure, capital structure and corporate governance practices: A case study of co-operatives and mutuals in New Zealand

Krishna Reddy, Stuart Locke

The purpose of this paper is to investigate the nature of corporate governance practised by co-operatives and mutual societies in New Zealand and whether there is any relationship…

Portfolio revision and optimal diversification strategy choices

Mourad Mroua, Fathi Abid

Since equity markets have a dynamic nature, the purpose of this paper is to investigate the performance of a revision procedure for domestic and international portfolios, and…