Purpose - The purpose of this paper is to address the opposing views of the relationship between directors' and officers' liability insurance (D&O insurance) and stock price crash risk in a major Asian emerging stock market. Design/methodology/approach - This paper finds an endogenous...

The study focuses on the impact of COVID-19 on stock market in Asian region highlighting the impact on stock returns of 15 Asian stock markets while observing the relationship between confirmed COVID-19 cases and stock return. In this regard, daily closing price indices during the period of 1st...

We investigate the empirical relationship between aggregate mutual fund flows and stock marketvolatility in Asian emerging markets by providing a comparative analysis of equity and balancedfunds with market-wide volatility. Using a panel vector autoregressive model, we findthat market volatility...

In this article, we revisit the Friday the 13th effect discussed by Kolb and Rodriguez (1987) that has received increased interest in recent research. Using a dummy-augmented GARCH model, we investigate whether the occurrence of this superstitious calendar day has significant impact on the...