... and practical applications. G12 M14 Corporate culture and ethics are the foundation of a resilient, high-performing organization. They influence decision-making, risk appetite, and overall business integrity. For any organization, ensuring a strong ethical foundation shouldn’t just be a regulatory...

... results. Finally, Section 5 concludes this paper. Short selling Mergers and acquisitions Disciplinary effect Pilot program Agency problem G12 G14 Short selling is one important channel for investors to impose a disciplinary effect on a firm's decisions. Recently...

... be seen at Link to the terms of the CC BY 4.0 licence . Institutional trading Expectation errors Mispricing Value/glamour stocks Abnormal returns G12 G14 M41 Hong Kong Polytechnic University P0030199 http://dx.doi.org/10.13039/501100004377 Funding: This work...

... at Link to the terms of the CC BY 4.0 licence . Cryptocurrency Asset pricing Factor model Size Reversal Illiquidity G10 G11 G12 G40 Since its emergence in 2009 as an open-source digital currency, Bitcoin has sparked the creation and launch of numerous cryptocurrencies built...

... of the CC BY 4.0 licence . Analysts Institutional investors Target prices G12 G32 Sell-side analyst forecasts are important to investors in making investment decisions (Bonner, Hugon, & Walther, 2007). This is evident from investor responses to analyst earnings forecasts and stock...

... publication and authors. The full terms of this licence may be seen at http://creativecommons.org/licences/by/4.0/legalcode Economic policy uncertainty Stock returns Market anomalies China C22 G11 G12 G14 After rebounding from the 1997 Asian financial crisis, Asia has rapidly...

..., where Bitcoin futures and options are traded (see Figure 6). Figure 5 Bitcoin-related articles by exchanges Bitcoin Decentralized payment system Equilibrium price Market microstructure Price discovery Cryptocurrency Blockchain C53 C58 D47 D82 E31 E42 G11 G12 G13 G14...

...://creativecommons.org/licences/by/4.0/legalcode Illiquidity Emerging market Liquidity adjusted CAPM WUI EGARCH G10 G12 G15 Third, the study considered illiquidity time series analysis to examine the return-volatility-liquidity relationship using the OLS model to provide information on price...

... factor of idiosyncratic entropy and explore the relationship between this factor and expected stock returns. Interestingly, expected entropy helps us explain the idiosyncratic volatility puzzle that stocks with high idiosyncratic volatility earn low expected returns. G11 G12 The field of risk...

... IPO underpricing Anti-takeover provisions Information asymmetry Capital market efficiency G12 M41 As an important measure reflecting resource allocation capability and market operation efficiency, IPO pricing has long been an essential research topic. When companies go public...

... and no commercial purposes), subject to full attribution to the original publication and authors. The full terms of this licence may be seen at http://creativecommons.org/licences/by/4.0/legalcode Green innovation Cost of equity Environmental protection Financial constraint G12 G30 O30...

... cannot infer the sign of the relation of idiosyncratic volatility with expected return from its estimated relation with realized return. Idiosyncratic volatility Stock pricing efficiency Realized return Expected return Asset pricing puzzle G12 G14 G40 Zhuo (June) Cheng can...