...Mahbouba Nasraoui; Aymen Ajina; Amani Kahloul Purpose The study examines the relationship between Economic Policy Uncertainty (EPU) and stock liquidity, and the mediating role of investor sentiment. Design/methodology/approach This study draws on a sample of 4,620 firm-year observations...

...Xiaoying Chen; Nicholas Ray-Wang Gao Purpose Since the introduction of VIX to measure the spot volatility in the stock market, VIX and its futures have been widely considered to be the standard of underlying investor sentiment. This study aims to examine how the magnitude of contango...

... as an opportunity for firms to reduce uncertainty surrounding them, and thus partially hedge their exposure to market uncertainty by joining an index tracked by dozens of index funds. The value of such a hedging strategy rises for riskier firms during market turbulence. Investor sentiment VIX Risk Market...