While many technical trading rules are based upon patterns in asset prices, we lack convincing explanations of how and why these patterns arise, and why trading rules based on technical analysis are profitable. This paper provides a model that explains the success of certain trading rules that...

Purpose: The purpose of this paper is to examine the effect of firm-level investor sentiment on a firm's share liquidity. Design/methodology/approach: The authors use Bloomberg's firm-level, daily investor sentiment scores derived from firm-level news and Twitter content in a regression model...

Purpose: This study examines the effect of firm-level investor sentiment on a firm's level of financial distress. Design/methodology/approach: The authors use Bloomberg's firm-level, daily investor sentiment scores derived from firm-level news and Twitter content in a beta-regression model to...

Purpose: The purpose of this paper is to determine if Chief Executive Officers (CEOs) are rewarded or punished in the corporate director labor market for engaging in corporate social responsibility (CSR) activities. Design/methodology/approach: The authors empirically examine the relation...