Middle Eastern Finance and Economics

Issue 4
September, 2009

An Examination of Risk and Return Trade off in Manufacturing Industry: An Asset Pricing Approach
?aban Çelik, P?nar EVR?M Mandaci and Efe Ça?lar Ça?li
5-27

The Relationship of Causality between the Price of Futures Transactions Underlying Stock Exchange and Price of Cash Market: The Case of Turkey
Ercan Özen, Tunga Bozdo?an and Muhittin Zügül
28-37

The Nature of Government Expenditure and its Impact on Sustainable Economic Growth
Wadad Saad and Kamel Kalakech
38-47

Value-at-Risk Forecasts in Gold Market Under Oil Shocks
Wan-Hsiu Cheng, Jung-Bin Su and Yi-Pin Tzou
48-64

Statistical Irrelevance of Kibor to the Volatility of Pakistani Exchange Rate Market: A Case of Five Major Currencies
Muhammad Ayub Siddiqui
65-81

Is Financial Leverage Mean Reverting: Evidence From Turkey With Unit Root Tests
Ozlem Tasseven and Dilek Teker
82-87

Fundamental and Ethics Theories of Corporate Governance
Haslinda Abdullah and Benedict Valentine
88-96

Asymmetric Effects of Aggregate Demand Policy in Turkey
Yakup Kucukkale and Rahmi Yamak
97-109

A Principal Components Analysis of the Portfolio Diversification Benefits of Investing in Emerging Stock Markets
Ilhan Meric, Larry M. Prober, Benjamin H. Eichhorn and Gulser Meric
110-116

Using a Neural Network-Based Methodology for Credit-Risk Evaluation of a Tunisian Bank
Hamadi Matoussi and Aida Abdelmoula