We examine whether investor sentiment can explain anomalies such as size and book-to-market in the US stock market. Differently from the literature, we test combination portfolios (portfolios formed on more than one factor such as size, book-to-market ratio, etc.) of developed markets for the...

In this study, we explore the dynamics of the stock market using an agent-based simulation platform. Our approach involves creating a multi-strategy market where each agent considers both fundamental and technical factors when determining their strategy. The agents vary in their approach to...

Exploring the relationship between institutional investors and corporate social responsibility (CSR) policy, we show evidence that the sustainable governance approach promoted in place of the shareholder value perspective can have different outcomes from those originally intended, as some...

Australia has a mandatory superannuation scheme for all employees, where employer deducts 9% of the employees’ wages and contributes to the designated super fund. Momentum strategies suggest investors look at the past returns and move their investments into the assets that have performed...

Using the COVID-19 crisis as a quasi-natural experiment, this study explores the value of online investor relations (OIR) on the official investor interaction platforms (IIPs). The results show that OIR are positively associated with stock returns during the crisis. This indicates that firms...

This paper investigates the psychological effects from stock market returns. Using a FBIdatabase of over 55 million daily reported crime incidents across the United States, crime isproposed as a measure of psychological well-being. The evidence suggests that stock returnsaffect not only the...