Introduction for the Special Issue
Mondher Bellalah

On Arbitrage, Information Costs, Compound Options and the Valuation of the Firm and Its Assets
Mondher Bellalah

War and Emerging Market Default Risk: The Case of India and the Iraqi Invasion of Kuwait
Ephraim Clark and Geeta Lakshmi

Value Creation in High-Tech: The Case of the Telecommunication Sector
Jean-Michel Sahut and Jean-Sebastien Lantz

Using Treasury “Repurchase” Shares to Stabilize Stock Markets
Nidal Rashid Sabri

The Effect of Asymmetric Information on the Cost of Capital
Makram Bellalah and Riadh Belhaj

Portfolio Insurance Strategies: A Comparison of Standard Methods When the Volatility of the Stock Is Stochastic
Philippe Bertrand and Jean-luc Prigent

Bridge the Gap: Fruitful Contacts Between Finance Professionals and Academics Are Needed
Jean-Francois Boulier

Introduction for the Special Issue on Emerging Financial Markets of the Middle East
Yochanan Shachmurove

Political Events and the Stock market: Evidence from Israel
Tzachi Zach

Efficiency Differences Between the S&P 500 and the Tel-Aviv 25 Indices: A Moving Average Comparison
Uri BenZion, Paul Klein, Yochanan Shachmurove, and Joseph Yagil

On Risk and Return in MENA Capital Markets
Eric Girard, Mohamed Omran, and Tarak Zaher

Measuring the Systematic Risk of IPO’s Using Empirical Bayes Estimates in the Thinly Traded Istanbul Stock Exchange
Gulnur Muradoglu, Asad Zaman, and Mehmet Orhan

Financial Integration of Stock Markets in the Gulf: A Multivariate Cointegration Analysis
Aqil Mohd. Hadi Hassan

Mean-Reversion Across MENA Stock Markets: Implications for Derivative Pricing
Sam Hakim and Simon Neaime

Time-Series Analysis of the Impact of Real Interest Rates on Stock Market Activity and Liquidity in Egypt:Co-integration and Error Correction Model Approach
Mohammed Omran

Can Information Technology Revive Economic Development in East Asia? The Role of Human and Technical Resource Policy
F. Gerald Adams

The Information Content of Price Limit Moves
Larry Belcher, Christopher K. Ma. and James E. Mallett

The Performance of Initial Public Offerings in an Emerging Market: The Case of the Istanbul Stock Exchange
Bradley T. Ewing and Ozkan Ozfidan

Breaking out of the Failure Mode with Best Practice Decision-Making Processes
Paul C. Nutt

A Forecasting Model for the Likelihood of Delinquency, Default or Prepayment: The Case of Taiwan
Chin-Tsai Lin and Shih-Yu Yang

Understanding the Business Protocol of Bonding in Establishing Cross-cultural Relationships: A U.S. and Chilean Example
Angelica C. Cortes

Hubris Amongst U.K. Bidders and Losses to Shareholders
Mahendra Raj and Michael Forsyth

Value-at-risk and Extreme Returns in Asian Stock Markets
Andre' L.C. da Silva and Beatriz v. de Melo Mendes

Regional Financial Crises and Equity Market Reactions: The Case of East Asia
Bahram Adrangi, Kambiz Raffiee, and Todd M. Shank

Predicting Mutual Fund Performance: A Portfolio Commonality Approach
Louis T. W. Cheng, Kam C. Chan, Lynn K. Pi, and Larry Guin

A Broad Analysis of United States Generally Accepted Accounting Principles and the Malaysian Accounting Standards Board Approved Accounting Standards
Takiah Mohd. Iskandar, David C. Yang, Norman Mohd. Saleh, and Terry Gregson