PurposeThe purpose of this study is to define FinTech, differentiating it from
financial technology and use the definition to develop an industry
framework.Design/methodology/approachUsing the existing literature on FinTech
and incorporating these contributions into a traditional financial structure,
characteristics are outlined and placed into a framework that describes the
FinTech industry.Findi... hiện toàn bộ
PurposeThe paper aims to investigate the monthly and trading month effects in
the stock market returns of the ASE using daily data before and after the crisis
of 1999‐2001. In addition, the study seeks to consider data from both periods of
the ASE, before and after the upgrade of the market (May
2001).Design/methodology/approachThis paper examines the calendar effects in the
Greek stock market ret... hiện toàn bộ
Muhammad Zubair Tauni, Zia-ur-Rehman Rao, Hong Fang, Minghao Gao
Purpose The purpose of this paper is to investigate the impact of the key
sources of information, namely, financial advice, word-of-mouth communication
and specialized press, on trading behavior of Chinese stock investors. The study
also analyzed if the association between the key sources of information and
trading behavior is influenced by investor personality.
Design/methodology/approach The aut... hiện toàn bộ
This paper has demonstrated the impacts of default risk, personal taxes,
leverage‐related costs, and the limited liability of security‐holders on the
systematic risk of equity. Since more than one of the aforementioned market
imperfections exists in the real world, the results derived in this paper have
been shown to be more general in specification than Hamada and Rubinstein's
traditional formula... hiện toàn bộ
In this article we compare the performance of the traditional CAPM with the
multi factor model of Fama and French (1996) for equities listed in the Shanghai
Stock Exchange. We also investigate the explanatory power of idiosyncratic
volatility and respond to the claim that multi factor model findings can be
explained by the turn of the year effect. Our results show that firm size, book
to market eq... hiện toàn bộ
PurposeThe purpose of this paper is to provide a unique approach to examining
issues related to initial public offerings (IPOs).Design/methodology/approachThe
price behavior of IPOs in new industries is analyzed relative to IPOs in
established industries.FindingsThe results show that there are fundamental
differences between IPOs of companies in new industries and those in established
industries i... hiện toàn bộ
Given the range of tools and techniques available for appraising capital
projects, financial managers are confronted with the problem of selecting
appropriate techniques that adequately reflect their goals. This article
explores the rationale underlying alternative measures of project profitability
in order to discuss the relationship between various appraisal methods and the
goals of management. ... hiện toàn bộ
The emergence of lease markets in Eastern Europe provides a new menu of
opportunities for inward foreign leasing investment by Western Multinational
Enterprises (MNEs). The Eastern European markets, like other emerging markets,
exhibit high expected returns as well as high volatility.
Capital budgeting has been a major topic of the finance literature since Joel
Dean's book was published in 1951. Since then, several books and dozens of
articles have been published about every aspect of this finance function. So
many surveys of capital budgeting techniques used by companies have been
administered by researchers that even the surveys have been evaluated.