Purpose The authors analyze the relationship between exchange rate fluctuations of a number
of major currencies and its impact on US stock market returns, as proxied by the S&P 500…

Advances in computer and telecommunications technology have contributed to the emergence
of more integrated global financial markets, allowing for the dissemination of information …

The uptick rule is a former rule established by the SEC that required that every short sale
transaction be entered at a price that is higher than the price of the previous trade. The purpose …

DANIEL KONKU … DANIEL KONKU is an assistant professor of finance in the College of
Business at Northern Michigan … DANIEL KONKU, VIVEK BHARGAVA, AND DK MALHOTRA …

We consider the initial public offering (IPO) returns of penny stocks before and after Penny
Stock Reform Act (PSRA) implementation. We extend the work of Bradley et al. (2006) by …

We examine the change in market efficiency of the South African Stock Exchange JSE FTSE
All Share Index following the enhancement of its institutional and regulatory environments …

The popularity of mutual funds as an investment tool has an important implication for the
financial markets. Several recent studies have suggested that the behavior of mutual fund …

Richard Donchian was a legendary figure in the world of commodity and futures trading. He
wrote is first market letter in 1930 and originated Shearson’s “Trend Timing” commodity …

Researchers of Initial Public Offerings, IPOs, have, traditionally, filtered out low-priced stocks
with cut-off prices depending on individual study. This study examines underpricing, short-…

This study investigates the determinants of euro-dollar exchange rate since the inception of
euro in January 1999. Initial results show that relative changes in consumer confidence in …