Introduction

Introduction

Juhani T. Linnainmaa

Dartmouth College, USA; juhani.t.linnainmaa@tuck.dartmouth.edu

This volume is the second in a set of special volumes in which the Critical Finance Review (CFR) solicits teams to reanalyze seminal studies in finance. The first volume, which was published in 2019, revisited three seminal papers on liquidity in stock markets. CFR’s Editor Ivo Welch asked me to serve as a guest editor for this second volume on studies on higher moments—think volatility and skewness. I encourage you to read—if you have not already done so—the reexaminations and the editorials included in that first volume.

What is the purpose of...