... a more suitable proxy for investor sentiment from BCI or CCI. This paper also contributes by including both optimism and pessimism in explaining the stock return and volatility in both markets. The overall findings are important for understanding investor behavior in different market conditions...

.... Multiple linear regressions were performed on the pooled cross-sectional time-series total R&D, capitalized expenditures, expensed costs and other key financial factors to test for the effects of R&D on the stock prices, contemporaneous stock returns and subsequent stock returns for the full sample...

...) was the first study to document parent cumulative abnormal stock returns over the event window relative to the announcement of equity carveouts by the US parents. These results have since been confirmed by numerous studies in the USA (Allen and McConnell, 1998 ; Vijh , 1999, 2002) and in Germany (Elsas...

... is significant for a country's stock market performance and volatiling. Findings Regression results show that adjusted stock returns bear little relationship with economic freedom. On the other hand, economic freedom is associated with lower stock market volatility. Originality/value The results imply...

... at time t, and ε_t is the random error term at time t. Findings The paper finds that the values of gold beta are consistently greater than one, implying the sensitive nature of firms’ stock returns to gold price changes. This also suggests that investors holding...