International Journal of Managerial Finance: Volume 5 Issue 2

The nonlinear relation between agency costs and managerial equity ownership: Evidence of decreasing benefits of increasing ownership

Kate Jelinek, Pamela S. Stuerke

This paper aims to examine the impact of managerial equity ownership on return on assets as a measure of profitability and two financial statement‐based agency cost measures, i.e…

Size, BM, and momentum effects and the robustness of the Fama‐French three‐factor model: Evidence from New Zealand

Gilbert V. Nartea, Bert D. Ward, Hadrian G. Djajadikerta

This paper aims to confirm the existence of size, book to market (BM) and momentum effects in the New Zealand (NZ) stock market. It also aims to compare the performance of the…

Board of directors' size and performance in the banking industry

Mohamed Belkhir

This paper aims to investigate the relationship between board size and performance in a sample of 174 bank and savings‐and‐loan holding companies, over the period 1995‐2002.

World and regional factors in stock market returns

Suluck Pattarathammas, Anya Khanthavit

This paper aims to test the hypothesis that the national stock market returns are driven by a world factor, regional factors and idiosyncratic factors, and to measure the…