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What do we know about the stock markets’ reaction to regulatory announcements regarding financial institutions? Evidence from UK financial institutions
This paper employs an event study approach to examine stock price reactions around announcements of regulatory changes to strengthen UK financial...
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Does ESG Certification Improve Price Efficiency in the Chinese Stock Market?
This paper investigates the impact of ESG certification on the pricing efficiency in Chinese listed firms and examines the internal mechanism of this...
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The market value of SMEs: a comparative study between private and listed firms in alternative stock markets
This study aims to compare the market value of private firms and publicly listed small and medium-sized firms (SMEs) in alternative stock markets...
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The Formation of Stock Prices
In this chapter, we explain the formation of stock prices. In real life the intrinsic value of a stock is unknown. Therefore, an investor must... -
Entropy Augmented Asset Pricing Model: Study on Indian Stock Market
This study explores the effectiveness of entropy as a proxy of aggregate market risk, in explaining the cross-section of excess returns in asset...
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Covid-19 Data Manipulation and Reaction of Stock Markets
The influence of Covid-19 pandemic crisis on rates of return is analyzed in this paper in the light of possible data manipulation related to...
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Do analysts’ target prices stabilize the stock market?
If target prices reflect the true values of stocks, they should direct prices towards intrinsic values. But analysts’ optimism and use of less...
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What Drives the US Stock Market in the Context of COVID-19: Fundamentals or Investors’ Emotions?
The US stock market has displayed considerable excess volatility during the different waves of the COVID-19 pandemic. Notably, while most US indexes... -
Enhancing stock market anomalies with machine learning
We examine the predictability of 299 capital market anomalies enhanced by 30 machine learning approaches and over 250 models in a dataset with more...
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Forecasting sector stock market returns
We seek to forecast sector stock returns using established predictor variables. Existing empirical evidence focuses on market level data, and thus,...
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The Impact of Directional Global Economic Policy Uncertainty on Indian Stock Market Volatility: New Evidence
This paper examines the effect of economic policy uncertainty (EPU) on the Indian capital market using the generalized autoregressive conditional...
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Board social capital and stock price crash risk
We show how board social capital influences stock price crash risk. Considering that directors are embedded in two kinds of social capital—internal...
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Investment Performance and Tracking Efficiency of Indian Equity Exchange Traded Funds
Exchange Traded Funds (ETF’s) are one of the beloved passively managed funds that offer both retail and institutional investors an access to highly...
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Portfolio Performance Measures
The true market portfolio of the CAPM on the efficient frontier (located at the tangent point of the line extending from the riskless rate) is not... -
Wisdom of the crowd and stock price crash risk: evidence from social media
In this study, we investigate the impact of social media on future stock price crash risk. A stock price crash occurs when managers hoard bad news...
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Examining the stock performance of acquirers where the acquirer or target hold patents
We investigate the stock returns for acquirers of firms holding registered patents (“innovative targets”). We find that acquiring innovative targets...
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Loss sensitive investors and positively biased analysts in Hong Kong stock market
The Hong Kong stock market is known to be highly volatile. Professional investors have a strong demand for timely information because of the...
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Corporate Financial Performance and ESG Performance: Which One Leads European Banks?
This chapter goes beyond the relationship between a bank ESG performance (ESGP) and traditional financial measures, known in the literature as... -
Enterprise risk management and organizational performance: exploring mediation effects of entrepreneurial orientation
This study presents a conceptual model of mediation effects that Entrepreneurial Orientation (EO) has on relationship between Enterprise Risk...