This paper contributes to the literature by investigating the reaction of cryptocurrency markets to international military conflicts. Using daily returns on the top 10 cryptocurrencies and the event study methodology, we estimate cryptocurrency abnormal returns around the 2022 Russian invasion...

We study whether corporate social responsibility (CSR) activities and reporting are associated with stock mispricing. We find that CSR increases mispricing among overpriced stocks and reduces it among underpriced stocks. Our results are robust to alternative measures of mispricing, alternative...

Using the herding measures of Lakonishok, Shleifer and Vishny (1992) (LSV) and Frey, Herbst and Walter (2007) (FHW), we assess herding by French equity mutual funds between 1999 and 2005. We show that LSV herding amounts to 6.5% while FHW herding is about 2.5 times stronger. We observe that...

The aim of this paper is to investigate whether the idiosyncratic risk is remunerated in the mean-variance asset pricing approach. Our theoretical and empirical results show that idiosyncratic risk is internationally priced and its price is time varying.