Handbook of Frontier Markets

Dr. Panagiotis Andrikopoulos is the Associate Head for Applied Research at Coventry University Business School, University of Coventry. He is also an Adjunct Associate Professor in Finance in the School of Accounting Sciences at North-West University, South Africa. He has also lectured at De Montfort University, UK where he taught various finance courses such as Investment Theory and Analysis, Finance Theory, Corporate Finance, and Behavioural Finance. He has obtained his Ph.D. in finance at the University of Portsmouth studying the profitability of contrarian investments strategies in the U.K. setting. A native of Montreal, Professor Greg N. Gregoriou obtained his joint Ph.D. in finance at the University of Quebec at Montreal which merges the resources of Montreal's four major universities McGill, Concordia, UQAM and HEC. Professor Gregoriou is Professor of Finance at State University of New York (Plattsburgh) and has taught a variety of finance courses such as Alternative Investments, International Finance, Money and Capital Markets, Portfolio Management, and Corporate Finance. He has also lectured at the University of Vermont, Universidad de Navarra and at the University of Quebec at Montreal.Professor Gregoriou has published 50 books, 65 refereed publications in peer-reviewed journals and 24 book chapters since his arrival at SUNY Plattsburgh in August 2003. Professor Gregoriou's books have been published by McGraw-Hill, John Wiley & Sons, Elsevier-Butterworth/Heinemann, Taylor and Francis/CRC Press, Palgrave-MacMillan and Risk Books. Four of his books have been translated into Chinese and Russian. His academic articles have appeared in well-known peer-reviewed journals such as the Review of Asset Pricing Studies, Journal of Portfolio Management, Journal of Futures Markets, European Journal of Operational Research, Annals of Operations Research, Computers and Operations Research, etc.Professor Gregoriou is the derivatives editor and editorial board member for the Journal of Asset Management as well as editorial board member for the Journal of Wealth Management, the Journal of Risk Management in Financial Institutions, Market Integrity, IEB International Journal of Finance, and the Brazilian Business Review. Professor Gregoriou's interests focus on hedge funds, funds of funds, commodity trading advisors, managed futures, venture capital and private equity. He has also been quoted several times in the New York Times, Barron's, the Financial Times of London, Le Temps (Geneva), Les Echos (Paris) and L'Observateur de Monaco. He has done consulting work for numerous clients and investment firms in Montreal. He is a part-time lecturer in finance at McGill University, an advisory member of the Markets and Services Research Centre at Edith Cowan University in Joondalup (Australia), a senior advisor to the Ferrell Asset Management Group in Singapore and a research associate with the University of Quebec at Montreal's CDP Capital Chair in Portfolio Management. He is on the advisory board of the Research Center for Operations and Productivity Management at the University of Science and Technology (Management School) in Hefei, Anhui, China.Dr. Vasileios (Bill) Kallinterakis is currently Lecturer of Finance at the University of Liverpool Management School; he has also lectured at Durham University Business School (from where he also obtained his PhD) and Leeds University Business School. During his career, he has taught a variety of courses related to Behavioural Finance, Corporate Finance and Econometrics. His research interests focus on behavioural finance, institutional investors, market volatility and emerging markets.

• Section A: Middle East North Africa (MENA)-Gulf Cooperation Council (GCC)1. Herding in Middle Eastern Frontier Markets: Are Local and Global Factors Important?2. An Application of Style Analysis to Middle East and North African (MENA) Hedge Funds3. Stock Prices and Crude Oil Shocks: The Case of GCC Countries4. Signaling and Lifecycle Theories in the Banking Sectors of GCC Frontier Markets: An Empirical Assessment Section B: Risk and Diversification5. Are Frontier Markets Worth the Risk?6. Nuances of Investing in Frontier Equity Markets7. Measuring Market Risk in the Light of Basel III: New Evidence From Frontier Markets8. Investing on the Edge: Exploring the Opportunities for Diversification in Frontier Markets9. The Portfolio Diversification Benefits of Frontier Markets: An Investigation Into Regional Effects10. Stock Index Return Predictability in Frontier Markets: Is It There? Section C: Comparative Studies11. Impact of US Federal Reserve Policies on Frontier Markets12. Is Quality Investing Feasible in Frontier Markets Based on Publicly Available Financial Information?13. Frontier Market Investing: What’s the Value Add?14. Empirical Assessment of the Finance–Growth Nexus in Frontier Markets15. Mergers and Acquisitions in Frontier Markets: A Comparative Analysis16. Impact of Remittances on Frontier Markets’ Exchange Rate Stability

"This is a very comprehensive handbook for graduate students, researchers, and practitioners who are interested in financial aspects of frontier markets. The book documents experiences of countries as diverse as Botswana, Morocco, Vietnam, and Slovenia, among many others. An excellent read!" --Viviana Fernandez, Universidad Adolfo Ibáñez"A comprehensive collection of high quality articles on a wide range of topics related to frontier financial markets. A solid reference for all those interested in this topic." --Petre Caraiani, Institutul National de Cercetari Economice (INCE), Academia Romana