Recent survey evidence suggests that investors form beliefs about future stock returns by predominantly extrapolating … years and consequently expect high (low) stock market returns when they observe bullish (bearish) markets in their lifespan … simulating artificial stock markets in which mean-variance optimizing investors have heterogeneous beliefs about future capital …

Purpose Despite the growing recognition of the complex interplay between macroeconomic shock indexes and stock market … African stock market. This leaves much to be desired, given that the financial market in Africa is arguably one of the most … and stock market returns remains largely unexplored. This study happens to be the first to consider the impact of each of …

This study examined the relationship between the board characteristics and stock performance of commercial banks. Our …, board independence, number of board meetings, and CEO duality with stock performance measured by the bank's share price and …, and size. The empirical findings reveal that board independence positively affects the bank stock performance while the …