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This paper examines the integration of European equity markets over the 19852002 period using a relatively new cointegrating technique that assesses how the level of integration in equity price levels changes over time. This procedure is supplemented by two other dynamic techniques that also measure the extent of time-varying integration from complementary(More)
This paper examines the integration of European equity markets over 1985-2002 using a relatively new set of three dynamic techniques that measure the extent of timevarying equity market integration from complementary perspectives. All three techniques are in agreement that there has been an increased degree of integration among European equity markets(More)
We study the impact of firm dividend policies on firm risks in the United States, from 1987 to 2011. The impact of a comprehensive set of dividend policies (cash dividend initiations, omissions, the duration of the policies, the amounts of payout) is assessed on a set of important firm risks (total, idiosyncratic and systematic market risks, as well as the(More)
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