... for stock returns as previously considered, but also for bond returns and the difference between the two assets. However, a complicating factor is that the mean value of the Fed series, over the full sample period, may not be constant. This paper aims to examine these questions. Design/methodology...

... is applied to understand the asymmetric relationship between trading volume and stock returns. The study investigates also the causal impact between stock returns and trading volume using regime-dependent Granger causality tests. Findings Asymmetric contemporaneous and lagged relationships between stock...

... This study adopts market-based accounting research to test its hypotheses and to achieve its objectives. Specifically, this study uses statistical associations between accounting data and stock returns to examine the incremental information content (value relevance) of cash flow and working capital from...

...Nemer Badwan; Azmi Wasfi Awad Purpose This study aims to explore and verify the influence of the corona pandemic on the stock returns of the Palestinian companies listed on the Palestine Exchange during the period 2020–2021. Design/methodology/approach The research makes use of secondary...

...Jing Chen; David G. McMillan Purpose This study aims to examine the relation between illiquidity, feedback trading and stock returns for several European markets, using panel regression methods, during the financial and the sovereign debt crises. The authors’ interest here lies twofold. First...

...Fangzhou Huang Purpose This paper aims to investigate patterns in UK stock returns related to downside risk, with particular focus on stock returns during financial crises. Design/methodology/approach First, stocks are sorted into five quintile portfolios based on the relevant beta values...

... on the incremental information content of cash flow from operations in the UK firms. Design/methodology/approach Based on market‐based accounting research, this study uses statistical associations between accounting data (earnings and cash flow) and stock returns to assess/measure the incremental information...

... into strategic complements or substitutes. The authors also test for differences in earnings management using discretionary accruals and using event study methodology examine how stock returns respond to the Sarbanes‐Oxley Act. Findings The authors show that earnings management is a tool used by firms based...

... earnings to stock returns for a sample of 402 French publicly traded firms covered during 2003‐2007. Findings The paper shows that earnings informativeness is significantly positively related to the owner's ultimate cash flow rights. Consistent with the alignment effect, stock ownership aligns...

...Georgios Papanastasopoulos; Dimitrios Thomakos; Tao Wang Purpose The purpose of this paper is to examine the informational content of retained and distributed earnings for future profitability and stock returns. Design/methodology/approach The paper utilizes firm‐level cross‐sectional...

... provides a better analysis of the effects of analyst activities on the firm value. © Emerald Group Publishing Limited 2010 Financial analysis Company performance Stock returns Financial markets The value of information created by research analysts has been widely documented...

... Stock returns Bid offer spreads United Kingdom The recently established presence of commonality in liquidity by Huberman and Halka (2001) , and Brockman and Chung (2002) among others implies that an individual firm's liquidity is influenced by market‐wide factors. An important question...

... million, but in the months after the crash, the average level of debt was only $23 million, indicating that the market was not willing to accept an IPO from a risky company with a lot of debt. © Emerald Group Publishing Limited 2009 Flotation Stock markets Stock returns United States...

... detected in emerging market volatility series did not take place at the time of official liberalization dates, but they rather coincide with alternative events of liberalization process. The effects of official liberalization on return volatility are on average insignificant. The stock return volatility...

... by the tax code 2065/92, which stated that firms are obliged to revaluate their asset every four years. © Emerald Group Publishing Limited 2008 Accounting Stock returns Accounting research Greece Under globalized and highly volatile financial markets, as they are today, financial...

... as explanatory variables to assess their usefulness in determining stock returns (see for example, Amir et al., 1993 ; Cheng et al., 1993). Current earnings can be decomposed as follows: (see equation 1) where EPS_it is earnings for firm, i period t...

... Republican controlled Congresses are higher than returns during Democrat controlled Congresses. © Emerald Group Publishing Limited 2004 President Congress Stock returns Political party Political administrations Dow Jones Industrial Average Volume 3 Number 3 2004 The Influence...

...Mohammed Omran; Ayman Ragab Even though most previous research studies suggest that the relationship between common financial ratios and stock returns is linear, recent studies by Mramor and Mramor‐Kosta (1997), and Mramor and Pahor (1998) show that such a linear relationship might not generally...

... relationship stronger overall in the new economy sector, indicating some tentative support for proponents of capitalization. © MCB UP Limited 2003 Earnings Cash flows Book value Stock returns Intangibles Volume 2 Number 1 2003 On the Relationship between Earnings, Cash Flows and Returns...

...Soon Suk Yoon; Gary Miller This paper investigates the functional relationships between stock returns and two representative performance measures. The two measures are earnings and cash from operations. In addition, this paper assesses the association of stock returns with the decomposed components...