This study extends from Liu and Mei (1992) by further investigation of assets, real estate related securities, which includes both equity and mortgage real estate investment trusts (REITs), the stocks of builderand owner-companies, and mortgagebacked securities (MBSs). There are five major findings. First, expected excess returns of real estate related securities are more predictable than the e...

Analysts often use financial variables to help predict real activity and inflation. Financial variables offer readily accessible information and, because market participants base their investment decisions on their forecasts of real activity and inflation, the information in financial market variables is deemed to be reliable. One of the most popular financial market variables is the spread bet...

eiarnination the oil market and review the major oil importer countries, is a major need for guidance and marketing strategy for crude oil exporting countries. so that estimating the oil demand for importer countries and analysis the effective factors on their oil demand, can be an important factor in planning and policy making for oil exporting countries in order to sell oil. so iran is not an...

Background: Understanding the elements and variables influencing a decision is crucial for making best financial decisions possible. Investors make complex using their instincts, perceptions, emotions, thought processes. Objectives: This paper aims to examine effect of market on investment concerning Nepal. Methods: The research used primary sources data collected through structured questionnai...

In a model with endogenous number of innovating firms, we show that whether patent protection increases R&D investment is ambiguous, and depends on the market demand function and the cost of R&D. If the market size increases with number of firms, patent protection reduces R&D investment if the cost of R&D is sufficiently high, and higher product differentiation increases the possibility of lowe...

This paper presents the case for and the evidence in favour of passive investment strategies and examines the major criticisms of the technique. I conclude that the evidence strongly supports passive investment management in all markets—smallcapitalisation stocks as well as large-capitalisation equities, US markets as well as international markets, and bonds as well as stocks. Recent attacks on...

This paper estimates international spillover e§ects of US Quantitative Easing (QE) on emerging market economies. Using a Bayesian VAR on monthly US macroeconomic and financial data, we first identify the US QE shock with non-recursive identifying restrictions. This identified shock is then used in another Bayesian panel VAR for emerging market economies to infer the international spillover e§ec...

State-of-the-art market segmentation often involves simultaneous consideration of multiple and overlapping variables. These variables are studied to assess their relationships, select a subset of variables which best represent the subgroups (segments) within a market, and determine the likelihood of membership of a given individual in a particular segment. Such information, obtained in the expl...

This paper examines the nature of market orientation (MO) in entrepreneurial firms and proposes a conceptual model of market firm interface appropriate to entrepreneur led firms.