Nonprofit organizations are feeling increased pressure to demonstrate their service’s impacts to their investors. Social return on investment is a tool that measures the social efficiency, or social return, of services by calculating a social return ratio. While social return on investment has seen increasing use by nonprofit organizations, a...
This dissertation focuses on the behavior of security returns around certain events that occurred in the Saudi stock market. In the first study, we measure and analyze the reaction of security returns around a major horizontal merger that occurred in the banking industry in Saudi Arabia. The objective of this...