Director elections are a key corporate governance mechanism, and attendance of board meetings is typically the only observable measure of individual director effort. However, little is known is about shareholder voting response to director absences. Using data on large UK public companies, we...

Advances in Natural Language Processing (NLP), computing power and data availability are driving an explosion in research about the impact of news on asset prices. However, when relating news to individual assets, this research is based on mentions of specifuc assets or related terms in the news...

Semantic fingerprinting is a leading AI solution that combines recent developments from cognitive neuroscience and psycholinguistics to analyse text with human-level accuracy. As an efficient method of quantifying text, it has already found its application in finance where the semantic...

This paper uses recent developments from the fields of cognitive neuroscience and psycho-linguistics to introduce a new measure of proximity to the set of typical gravity variables in a model for bilateral home bias. Given the `weightlessness' of financial assets, gravity variables (among which...

This paper investigates market size effects for expected returns from a large set of developed and emerging markets over a time span of up to four decades. Expected returns decrease significantly in larger markets, an effect that is more pronounced in emerging rather than developed countries....

This paper quantifies financial market integration in the European Union, using a large array of credit and bond market indicators, stock market indicators, as well as indicators based on household and firm decisions. It focuses on comparing the evolution of the European Union before the Eastern...

This paper examines the quotation behavior of dealers who made markets in the same stocks on both NASDAQ and either EASDAQ or the LSE. Whereas previous studies examine international integration at the market level, we examine integration at the dealer level. In other words, do dealers within the...