The Financial Review

The Financial Review articles

526 total articles

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Recently added articles from The Financial Review:

Return characteristics of state-owned and non-state-owned Chinese a shares.
November 1, 2005 ... Abstract This study examines and compares stock returns and volatilities between state-owned (SO) and non-state-owned (NSO) firms on the Shanghai and Shenzhen stock exchanges. Results vary significantly by exchange. Returns for both firm...

Post-merger performance of bank holding companies, 1987-1998.
November 1, 2005 ... Abstract This paper examines the results of material mergers between bank holding companies (BHCs). Merged BHCs experience post-merger profitability below the industry average. The market reaction to the merger announcements is...

Optimal number of stock holdings in mutual fund portfolios based on market performance.
November 1, 2005 ... Abstract Among the decisions that most mutual fund portfolio managers make is the number of stocks to hold. We posit that there is an optimal number of stocks for each mutual fund, reflecting the trade-off between diversification...

Bond option valuation for non-Markovian interest rate processes.
November 1, 2005 ... Abstract The standard method for valuing a European option on a bond portfolio is developed by Jamshidian. He shows that under certain circumstances the payoff from a bond option can be expressed as a portfolio of payoffs on discount...

Do CRA-related events affect shareholder wealth? The case of bank mergers.(Community Reinvestment Act )
November 1, 2005 ... Abstract This study explores how Community Reinvestment Act (CRA) protests and their resolution affect the market value of merging banks. We find, in contrast to earlier research, that CRA-related events are not associated with...