... Corporate governance Stock price Options markets Case study Market efficiency The primary objective of this paper is to provide an understanding of the role of option trade volumes and the movement of the underlying security in the context of an unexpected event. The aim of this case study...

... Limited 2024 Emerald Publishing Limited Licensed re-use rights only Adaptive markets hypothesis Calendar anomalies Currency market Market efficiency C58 F31 G14 G15 A fundamental and continuing question in economics and finance concerns the predictability of financial asset...

... not considered the Gold market. Additionally, no study has examined the impact of COVID-19 on the TOM effect in these markets, and hence, market efficiency. We believe that our study is the first to examine the TOM effect in these markets simultaneously. We calculate the daily log returns as R t...

... Limited Licensed re-use rights only Frontier markets Market efficiency Political uncertainty Price clustering G10 G11 G12 G14 Prices allocate resources in a market economy. Hence, economists have a keen interest in studying the mechanisms of price adjustment in different types...

... Publishing Limited 2022 Emerald Publishing Limited Licensed re-use rights only Listed football clubs Market efficiency Random walk G14 G15 Roman Abramovic bought a stake in Chelsea London in 2003; Qatar Sports Investments purchased shares of Paris Saint-Germain in 2011; in 2014...

... that institutional factors affect the efficiency of companies in the Brazilian financial segment. Adaptive market hypothesis Market efficiency Securities trading Banks The financial segment has specificities in its operations, concerning structure and business, making companies stand out from...

... 01 2020 28 01 2020 © Emerald Publishing Limited 2020 Emerald Publishing Limited Licensed re-use rights only Turn-of-the-month effect Adaptive market hypothesis Market efficiency G12 G13 G14 G15 where D i ,   t is a dummy variable that will take...

... in a group of more efficient firms. Investment anomaly Firm efficiency Mispricing Managerial ability Net stock issuance Market efficiency Behavioral finance The investment anomaly refers to the negative cross-sectional relation between corporate investments and future stock returns...

...-regression methodology is employed to examine the market efficiency of a large number of financial markets from America, Europe and the Asia–Pacific region. Findings The results show that the returns in higher quantiles are negatively autocorrelated, and those in lower quantiles are positively...

... the profitability of momentum strategies poses a challenge to market efficiency. In an efficient market, we expect an anomaly like momentum that has been identified and published should eventually be arbitraged away. Momentum strategies may still be profitable in an efficient market if arbitrage is difficult...

...Benjamin Jansen Purpose Many prior tests of market efficiency, which occurred decades ago, were limited by data and did not employ methodology to correct for leptokurtosis in the stock return distribution. Furthermore, these studies did not test many aspects of conditional market efficiency. One...

... from bankruptcy is also of interest to bankruptcy courts. Hirofumi Nishi can be contacted at: h_nishi@fhsu.edu 02 01 2019 21 06 2019 08 07 2019 © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only Bankruptcy Emergence Market...

... be contacted at: dwaggle@uwf.edu 07 12 2017 23 04 2018 02 05 2018 04 05 2018 © Emerald Publishing Limited 2018 Emerald Publishing Limited Licensed re-use rights only Market efficiency Seasonality Anomalies Elections Halloween effect Sell in May This paper...

... prior to the expiration of their lockup provisions than IPOs with lower overvaluation. 20 05 2017 26 09 2017 27 09 2017 © Emerald Publishing Limited 2017 Emerald Publishing Limited Licensed re-use rights only Market efficiency Initial public offering Anomaly Lockup...

... rights only Market efficiency Information content of dividend announcements Brav et al. (2005) survey 384 financial executives about their decisions to initiate the payment of cash dividends, to set the levels of subsequent dividend payments, and to manage share repurchase...

... 20 05 2016 28 11 2016 28 12 2016 © Emerald Publishing Limited 2017 Emerald Publishing Limited Licensed re-use rights only Value relevance Market efficiency Fundamental analysis Return anomalies The relation between accounting information and investor behavior...

... with the market. Even though some cointegration-based pairs-trading strategies can consistently generate significant cumulative profits, yet they do not seem to converge to risk-less arbitrages, and thus the hypothesis of market efficiency cannot be rejected. Originality/value – The primary contribution...

... using high-frequency data have not been studied in the prior literature. The authors find different results for the German market based on this high-frequency data set. Di Mo can be contacted at: d.mo@griffith.edu.au © Emerald Group Publishing Limited 2015 Market efficiency DAX 30...

... Emerald Group Publishing Limited 2015 China Return distributions Market efficiency Anomalies Calendar Feng Shui is an ancient Chinese discipline rooted in Taoism which asserts humans can influence their luck through their own actions. Feng Shui declares some numbers...

... Return distributions Market efficiency Anomalies Calendar effects should be important to traders because “planned trades can be scheduled to take advantage of calendar-based return patterns” (Jacobs and Levy, 1988 , p. 28). Bouman and Jacobsen (2002) identify the “Halloween effect [1...