"We hypothesize that banks become better able to manage acquisitions, and investors become better able to value those acquisitions, as these parties "learn-by-observing" information that spills-over from previous bank M&As. We find evidence consistent with these hypotheses for 216 M&As of large,...

Standard economic models based on rational expectations and homogeneity have problems explaining the complex and volatile nature of financial markets. Recently, boundedly rational and heterogeneous agent models have been developed and simulated returns are found to exhibit various stylized...

In this study, it is aimed to compare the performances of the methods by predicting the movement directions of stock market indexes in developed countries by employing machine learning methods (MLMs) and determining the best estimation method. For this purpose, the movement directions of indexes...