The Spread of Financial Sophistication Through Emerging Markets Worldwide

by John W. Kensinger (Editor)

Overview

The broad theme of Volume 32 of Research in Finance is “The Spread of Financial Sophistication Through Emerging Markets Worldwide.” Contributions assess the spread of Initial Public Offerings, the use of derivatives to provide stability, corporate governance in emerging markets, and the privatization of the Russian economy. We also gain new insights into applying financial modeling in emerging markets.

Product Details

ISBN-13:	9781786351562
Publisher:	Emerald Group Publishing Limited
Publication date:	07/26/2016
Series:	Research in Finance , #32
Pages:	376
Product dimensions:	6.20(w) x 9.10(h) x 1.10(d)

About the Author

Edited by John W. Kensinger, University of North Texas, Denton, TX, USA

Table of Contents

List of Contributors ix

Introduction xiii

Total Factor Productivity, Growth, and Entrepreneurship in Emerging Economies Rita Biswas 1

Estimating Time-Varying Beta Coefficients: An Empirical Study of Us and Asean Portfolios Jordan French 19

Comparative Analysis of Asset Pricing Models Based on Log-Normal Distribution and Tsallis Distribution Using Recurrence Plot in an Emerging Market Kousik Guhathakurta Basabi Bhattacharya A. Roy Chowdhury 35

Does Liquidity Risk Premium Affect Optimal Portfolio Holdings of U.S. Treasury Securities? Karoll Gómez Portilla 75

Size, Value, and Momentum Risk in the Cross-Section of Average Returns and Volatility Knut F. Lindaas Prodosh Simlai 109

IPO Advertising: A Possible Cause of Short-Term Overvaluation Konpanas Dumrongwong 145

A Comparative Study of the Influence of Derivatives on Bank Stability in Emerging and Recently Developed Countries: Evidence from the Last Financial Crisis Mohamed Rochdi Keffala 165

Is There A Relationship Between The Liquidity Of Closed-End Funds' Portfolios, Fund Ownership By Smaller Investors, And The Liquidity Of The Funds' Shares? Charles P. Cullman Xiaochuan Zheng Elena Pre Court 185

Does Demographic Change Impact Hong Kong Economic Growth? Ping-Fu (Brian) Lai Wai Lun (Patrick) Cheung 207

Does Optimizing the Cash Conversion Cycle Ameliorate Firm's Performance? Unraveling the Relationship in the Indian Corporate Landscape Nilyanand Tripathi Naseem Ahamed 243

Budget Investments in Russia: Not Investment But Transformation of Public Property Dmitry L. Komyagin 257

Speculative Bubble on the Moroccan Real Estate Market: Identification and Cycles Firano Zakaria 269

Corporate Governance Index in Emerging Markets: Peruvian Listed Companies Edmundo R. Lizarzaburu Luis Berggrun Kurt Burneo 311

Optimal Arbitrage Path in the Foreign Exchange Market Reza Habibi 337

The Misalignment Phenomena in the Foreign Exchange Market: Evidence for the Tunisian Dinar Salima Ben Ezzeddine Kamel Naoui 345