Anomalies are empirical results that seem to be inconsistent with maintained theories of
asset-pricing behavior. They indicate either market inefficiency (profit opportunities) or …

This paper argues that the efficiency of the price-setting process in the stock market is
contingent on the coherence of a stock's position in the industry-based classificatory …

The majority of asset pricing theories relate expected returns on assets to their conditional
variances and covariance's. Since conditional variances and covariance's are not …

The emergence of algorithmic trading as a viable and often preferred execution mechanism
has created a need for new suites of trading analytics to assist investors to compare …

We claim that we currently live in a banking regulatory bubble. We review how: i) banking
intermediation theory hinges on dealing with borrower-lender asymmetry of information; ii) …

Published in 1999. The issue of financial volatility, especially since financial deregulation,
has given rise to concerns regarding the effects of increased financial volatility on real …

The efficient market hypothesis has been around since 1962, the theory based on a simple
rule that states the price of any asset must fully reflect all available information. Yet there is …

In recent years there has been considerable evidence which contradicts the efficient market
hypothesis. This evidence is reviewed with particular attention to the JSE, The efficiency of …

The efficient market hypothesis (EMH) has been around since 1962. It is a theory based on a
simple rule, which states that the price of any asset must fully reflect all available information …

The premiums on closed-end country funds tend to move in tandem, but do not move
together with premiums on domestic closed-end funds. After controlling for foreign maket …