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UK mutual funds: performance persistence and portfolio size
We re-examine performance persistence amongst UK mutual funds. Specifically, we investigate performance persistence amongst small portfolios of past...
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Corporate diversification and seasoned equity offering performance
We document that diversified firms experience less negative seasoned equity offering (SEO) announcement returns than focused firms. The relatively...
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The Equity of the Corporation: Common and Preferred Stock
This chapter deals mainly with the financial function of stockholding, i.e., the supplying of risk capital and the expected rewards thereof. The...
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News sentiment and stock market volatility
This study investigates the effect of news sentiment on stock market volatility using the Generalized Autoregressive Conditional Heteroskedasticity...
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Technology investments and firm performance under the wave of InsurTech
This study explores how the technology investments of a sample of U.S. property-liability insurers affected their performance during the InsurTech...
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The Tesla stock split experiment
On August 11, 2020, at 16:59 EDT, Tesla announced a 5-for-1 stock split. The trading in the after-market and during the subsequent 2 days amounts to...
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Board overconfidence and M&A performance: evidence from the UK
This paper investigates the relationship between board overconfidence and mergers and acquisitions (M&A) performance based on 754 M&A deals in the UK...
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Performance Attributes of Environmental, Social, and Governance Exchange-Traded Funds
Recently, interest in socially responsible investing has grown, including new investment vehicles such as environmental, social, and governance...
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Corporate social responsibility, earnings management and firm performance: evidence from panel VAR estimation
Research that relates corporate social responsibility (CSR) to earnings management (EM) interprets directional relations between CSR and EM as...
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Short-term credit policies and operating performance
Using a sample of United Kingdom (UK) non-financial firms from 2009 to 2021, this paper examines the operating performance effect of aggressive and...
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R&D investment intensity and jump volatility of stock price
This paper studies the important but unexplored relationship between R&D investment intensity and different components of stock price volatility. The...
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Corporate Governance and Corporate Performance: Case Study Japan
After the bursting of the stock market bubble at the end of the 1980s Japan began to comprehensively reform its corporate governance system....
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Accrual mispricing, value-at-risk, and expected stock returns
We investigate the extent to which a parsimonious measure of maximum likely loss that captures the tail risk of returns—known as value-at-risk...
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Does liquidity drive stock market returns? The role of investor risk aversion
In this paper, we explore the relations between liquidity, stock returns, and investor risk aversion as captured by the variance risk premium (VRP)....
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The financial and prudential performance of Chinese banks and Fintech lenders in the era of digitalization
The years 2013 to 2019 marked an explosion in Fintech in China. We analyze the financial and prudential performance of 40 exchange-traded banks and ...
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The performance of the euro area banking system: the pandemic in perspective
This research explores the performance of the euro area banking system between 2002:Q3 and 2021:Q1 using banks’ return on assets as a gauge. It finds...
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Can Corporate Governance and Sustainability Policies Drive CSR Performance? An Empirical Study
This study investigates how board and audit committee characteristics, alongside sustainable policies, influence corporate social responsibility...
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Directional Spillover Effects Between BRICS Stock Markets and Economic Policy Uncertainty
In recent years, researchers have increasingly studied the association between the stock market and economic policy uncertainty (EPU). To have more...
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Are stock prices driven by expected growth rather than discount rates? Evidence based on the COVID-19 crisis
We use the Gordon (Rev Econ Stat 41(2):99-105, 1959) constant growth model to gauge the effects from innovations in implied growth versus discount...
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Do economic statistics contain information to predict stock indexes futures prices and returns? Evidence from Asian equity futures markets
This research examines the impact of local and international market factors on the pricing of stock indexes futures in East Asian countries. The...
