The period of 2010-2012 was characterized by information uncertainty and market volatility. Information uncertainty is a critical characteristic of financial market behavior. The ability to absorb and distribute information is central to financial market efficiency. Uncertain corporate earnings...

Stock market reactions in regards to positive, negative and constant dividend announcement have been empirically studied in financial literature. However, we have not seen any direct comparison between two large stock markets using the data from the same period. We have not seen many researches...

What role does noise play in equity markets? Answering this question usually leads immediately to specifying a model of fundamentals and hence the pervasive joint hypothesis quagmire. We avoid this dilemma by measuring noise volatility directly by focusing on the behavior of country closed-end...