Purpose: The study investigates the impact of higher moments on cross-sectional returns in the Indian equity market. Design/methodology/approach: Using the daily data of 3,085 Bombay Stock Exchange-listed stocks spanning over 20 years from January 2000 to December 2019, the study evaluates the...

Purpose: The authors aim at investigating different forms of classification shifting (CS). CS is a novel form of earnings management under which managers misclassify income statement line items and cash flow statement line items with an intent to report favorable operating performance of firms....

Purpose: The purpose of this study is to provide a new way to optimize a portfolio and to show that combining the Hurst exponent and wavelet analysis may help to increase portfolio returns. Design/methodology/approach: The authors use the Hurst exponent and wavelet analysis to study the...